Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Stock Price Up 0.1% – Should You Buy?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW)’s stock price traded up 0.1% during mid-day trading on Friday. The company traded as high as $28.68 and last traded at $28.33. 332,456 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 818,198 shares. The stock had previously closed at $28.29.

Invesco WilderHill Clean Energy ETF Price Performance

The company has a fifty day simple moving average of $31.67 and a two-hundred day simple moving average of $35.24. The company has a market capitalization of $331.46 million, a P/E ratio of 0.93 and a beta of 1.82.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers grew its holdings in Invesco WilderHill Clean Energy ETF by 322.5% during the first quarter. Cetera Investment Advisers now owns 72,289 shares of the company’s stock valued at $2,283,000 after purchasing an additional 55,181 shares during the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of Invesco WilderHill Clean Energy ETF in the second quarter worth $331,000. Fifth Third Bancorp acquired a new stake in shares of Invesco WilderHill Clean Energy ETF in the first quarter worth $211,000. Focus Financial Network Inc. bought a new stake in shares of Invesco WilderHill Clean Energy ETF during the 2nd quarter worth $234,000. Finally, Corient Private Wealth LP bought a new stake in shares of Invesco WilderHill Clean Energy ETF during the 2nd quarter worth $208,000.

About Invesco WilderHill Clean Energy ETF

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.