Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sets New 52-Week High – What’s Next?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW)’s share price hit a new 52-week high on Monday . The stock traded as high as $41.88 and last traded at $41.86, with a volume of 531859 shares. The stock had previously closed at $40.45.

Invesco WilderHill Clean Energy ETF Price Performance

The company’s 50 day simple moving average is $33.71 and its two-hundred day simple moving average is $33.04. The stock has a market capitalization of $501.72 million, a P/E ratio of 0.93 and a beta of 1.72.

Institutional Trading of Invesco WilderHill Clean Energy ETF

Several hedge funds have recently modified their holdings of PBW. Wealthfront Advisers LLC boosted its stake in Invesco WilderHill Clean Energy ETF by 1.2% in the first quarter. Wealthfront Advisers LLC now owns 21,460 shares of the company’s stock valued at $678,000 after acquiring an additional 256 shares during the last quarter. Howe & Rusling Inc. boosted its stake in Invesco WilderHill Clean Energy ETF by 10.9% in the first quarter. Howe & Rusling Inc. now owns 3,980 shares of the company’s stock valued at $126,000 after acquiring an additional 391 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Invesco WilderHill Clean Energy ETF by 42.9% in the second quarter. JPMorgan Chase & Co. now owns 1,415 shares of the company’s stock worth $28,000 after purchasing an additional 425 shares during the period. Bartlett & CO. Wealth Management LLC bought a new position in shares of Invesco WilderHill Clean Energy ETF during the fourth quarter worth $27,000. Finally, Mariner LLC boosted its position in shares of Invesco WilderHill Clean Energy ETF by 12.7% during the fourth quarter. Mariner LLC now owns 8,503 shares of the company’s stock worth $260,000 after purchasing an additional 956 shares in the last quarter.

Invesco WilderHill Clean Energy ETF Company Profile

The Invesco WilderHill Clean Energy ETF (PBW) is an exchange-traded fund that is based on the The WilderHill Clean Energy (AMEX) index. The fund tracks a modified equal-weighted index of companies involved in cleaner energy sources or energy conservation. PBW was launched on Mar 3, 2005 and is managed by Invesco.