Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sees Strong Trading Volume – Here’s Why

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) shares saw unusually-high trading volume on Friday . Approximately 1,239,588 shares were traded during trading, an increase of 104% from the previous session’s volume of 606,165 shares.The stock last traded at $30.13 and had previously closed at $31.49.

Invesco WilderHill Clean Energy ETF Price Performance

The company has a market capitalization of $552.81 million, a price-to-earnings ratio of 0.93 and a beta of 1.77. The firm’s 50-day simple moving average is $29.97 and its two-hundred day simple moving average is $23.77.

Institutional Trading of Invesco WilderHill Clean Energy ETF

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Invesco WilderHill Clean Energy ETF by 42.9% during the second quarter. JPMorgan Chase & Co. now owns 1,415 shares of the company’s stock worth $28,000 after buying an additional 425 shares during the period. National Bank of Canada FI raised its holdings in Invesco WilderHill Clean Energy ETF by 357.8% in the 1st quarter. National Bank of Canada FI now owns 2,115 shares of the company’s stock valued at $33,000 after buying an additional 1,653 shares during the last quarter. Allworth Financial LP raised its stake in Invesco WilderHill Clean Energy ETF by 1,095.9% during the second quarter. Allworth Financial LP now owns 1,746 shares of the company’s stock worth $35,000 after buying an additional 1,600 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Invesco WilderHill Clean Energy ETF during the second quarter valued at about $42,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco WilderHill Clean Energy ETF by 19.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,568 shares of the company’s stock worth $56,000 after acquiring an additional 586 shares during the last quarter.

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.