Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Shares Up 6.1% – Here’s Why

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW)’s stock price traded up 6.1% during trading on Friday. The company traded as high as $26.30 and last traded at $26.24. 201,587 shares changed hands during trading, a decline of 74% from the average daily volume of 782,984 shares. The stock had previously closed at $24.74.

Invesco WilderHill Clean Energy ETF Trading Up 6.1%

The stock has a market cap of $297.82 million, a price-to-earnings ratio of 0.93 and a beta of 1.81. The firm has a fifty day simple moving average of $28.47 and a 200-day simple moving average of $33.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. North Star Investment Management Corp. bought a new position in shares of Invesco WilderHill Clean Energy ETF during the third quarter worth $45,000. Johnson Financial Group Inc. raised its stake in Invesco WilderHill Clean Energy ETF by 274.9% during the 1st quarter. Johnson Financial Group Inc. now owns 1,436 shares of the company’s stock worth $45,000 after buying an additional 1,053 shares during the period. Continuum Advisory LLC acquired a new stake in Invesco WilderHill Clean Energy ETF during the 2nd quarter worth $49,000. Corient Private Wealth LP bought a new position in Invesco WilderHill Clean Energy ETF during the second quarter worth about $208,000. Finally, Fifth Third Bancorp bought a new position in Invesco WilderHill Clean Energy ETF during the first quarter worth about $211,000.

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.