Invesco Global Clean Energy ETF (NYSEARCA:PBD) Trading Down 1.4% – Here’s Why

Shares of Invesco Global Clean Energy ETF (NYSEARCA:PBD) traded down 1.4% during trading on Thursday . The company traded as low as $18.95 and last traded at $19.04. Approximately 64,814 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 63,032 shares. The stock had previously closed at $19.31.

Invesco Global Clean Energy ETF Price Performance

The company has a 50-day moving average price of $20.79 and a 200 day moving average price of $18.80. The firm has a market capitalization of $200.49 million, a PE ratio of 19.47 and a beta of 1.34.

Institutional Trading of Invesco Global Clean Energy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new position in shares of Invesco Global Clean Energy ETF during the first quarter worth about $26,000. O Shaughnessy Asset Management LLC purchased a new position in Invesco Global Clean Energy ETF in the 4th quarter valued at $92,000. Jones Financial Companies Lllp grew its position in Invesco Global Clean Energy ETF by 498.8% in the 1st quarter. Jones Financial Companies Lllp now owns 9,143 shares of the company’s stock valued at $96,000 after buying an additional 7,616 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco Global Clean Energy ETF by 1,333.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,450 shares of the company’s stock valued at $97,000 after buying an additional 6,000 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in Invesco Global Clean Energy ETF during the 2nd quarter worth $133,000.

Invesco Global Clean Energy ETF Company Profile

The Invesco Global Clean Energy ETF (PBD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of companies that focus on cleaner energy, weighted equally in tiers. PBD was launched on Jun 13, 2007 and is managed by Invesco.