Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sees Unusually-High Trading Volume – Time to Buy?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) saw strong trading volume on Monday . 665,629 shares changed hands during mid-day trading, a decline of 36% from the previous session’s volume of 1,043,021 shares.The stock last traded at $33.02 and had previously closed at $32.21.

Invesco WilderHill Clean Energy ETF Trading Up 0.2%

The company has a market capitalization of $678.43 million, a price-to-earnings ratio of 0.93 and a beta of 1.77. The stock’s fifty day simple moving average is $33.80 and its 200-day simple moving average is $31.65.

Institutional Investors Weigh In On Invesco WilderHill Clean Energy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC purchased a new position in Invesco WilderHill Clean Energy ETF in the fourth quarter valued at approximately $27,000. JPMorgan Chase & Co. lifted its position in shares of Invesco WilderHill Clean Energy ETF by 42.9% during the 2nd 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 last quarter. Allworth Financial LP boosted its holdings in shares of Invesco WilderHill Clean Energy ETF by 1,095.9% in the 2nd quarter. Allworth Financial LP now owns 1,746 shares of the company’s stock valued at $35,000 after buying an additional 1,600 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Invesco WilderHill Clean Energy ETF in the 2nd quarter valued at $42,000. Finally, Advisors Preferred LLC purchased a new position in shares of Invesco WilderHill Clean Energy ETF in the 3rd quarter valued at $42,000.

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.