Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sets New 12-Month High – Time to Buy?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.55 and last traded at $36.41, with a volume of 458707 shares traded. The stock had previously closed at $35.12.

Invesco WilderHill Clean Energy ETF Stock Up 3.1%

The stock has a market cap of $828.71 million, a PE ratio of 0.93 and a beta of 1.77. The firm has a fifty day moving average of $31.94 and a 200 day moving average of $29.03.

Institutional Investors Weigh In On Invesco WilderHill Clean Energy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC purchased a new position in Invesco WilderHill Clean Energy ETF in the third quarter valued at approximately $23,465,000. Bank of America Corp DE boosted its holdings in shares of Invesco WilderHill Clean Energy ETF by 33.7% in the 3rd quarter. Bank of America Corp DE now owns 534,605 shares of the company’s stock valued at $15,439,000 after buying an additional 134,682 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Invesco WilderHill Clean Energy ETF by 107.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 299,315 shares of the company’s stock valued at $5,962,000 after buying an additional 154,712 shares during the last quarter. Allianz SE raised its stake in Invesco WilderHill Clean Energy ETF by 20.5% during the 2nd quarter. Allianz SE now owns 264,068 shares of the company’s stock worth $5,260,000 after acquiring an additional 45,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Invesco WilderHill Clean Energy ETF by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 237,587 shares of the company’s stock worth $3,740,000 after acquiring an additional 48,043 shares in 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.