Invesco Global Clean Energy ETF (NYSEARCA:PBD) Stock Price Down 0.9% – Here’s What Happened

Invesco Global Clean Energy ETF (NYSEARCA:PBD) was down 0.9% during trading on Thursday . The company traded as low as $17.93 and last traded at $18.04. Approximately 13,296 shares were traded during trading, a decline of 78% from the average session volume of 61,144 shares. The stock had previously closed at $18.21.

Invesco Global Clean Energy ETF Stock Down 0.9%

The company has a market cap of $189.96 million, a P/E ratio of 19.47 and a beta of 1.34. The company’s 50-day moving average is $20.03 and its two-hundred day moving average is $19.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC bought a new stake in shares of Invesco Global Clean Energy ETF in the 1st quarter worth approximately $26,000. Quantinno Capital Management LP bought a new position in Invesco Global Clean Energy ETF during the first quarter valued at $277,000. Cetera Investment Advisers grew its holdings in Invesco Global Clean Energy ETF by 571.4% during the first quarter. Cetera Investment Advisers now owns 117,075 shares of the company’s stock valued at $2,099,000 after purchasing an additional 99,637 shares during the period. Independent Financial Group LLC purchased a new stake in Invesco Global Clean Energy ETF in the first quarter worth $462,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Invesco Global Clean Energy ETF by 11.6% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 148,261 shares of the company’s stock worth $2,658,000 after buying an additional 15,429 shares during the last quarter.

About Invesco Global Clean Energy ETF

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.