CIBC Bancorp USA Inc. Makes New Investment in ALPS Clean Energy ETF $ACES

CIBC Bancorp USA Inc. bought a new stake in ALPS Clean Energy ETF (NYSEARCA:ACES) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,139,075 shares of the company’s stock, valued at approximately $36,382,000. CIBC Bancorp USA Inc. owned 0.35% of ALPS Clean Energy ETF as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of ALPS Clean Energy ETF by 9.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,848 shares of the company’s stock worth $1,002,000 after purchasing an additional 3,320 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in ALPS Clean Energy ETF in the second quarter valued at about $3,920,000. Raymond James Financial Inc. acquired a new position in ALPS Clean Energy ETF in the second quarter valued at about $96,000. Jane Street Group LLC purchased a new position in ALPS Clean Energy ETF during the second quarter worth about $2,502,000. Finally, Bank of America Corp DE boosted its stake in ALPS Clean Energy ETF by 3.6% during the second quarter. Bank of America Corp DE now owns 33,999 shares of the company’s stock worth $877,000 after buying an additional 1,184 shares during the period.

ALPS Clean Energy ETF Price Performance

Shares of ACES opened at $34.01 on Wednesday. The firm has a 50-day simple moving average of $34.82 and a two-hundred day simple moving average of $33.65. The stock has a market cap of $112.23 million, a PE ratio of 21.11 and a beta of 1.46. ALPS Clean Energy ETF has a 1-year low of $19.92 and a 1-year high of $37.57.

ALPS Clean Energy ETF Profile

The ALPS Clean Energy ETF (ACES) is an exchange-traded fund that is based on the CIBC Atlas Clean Energy index. The fund tracks an index of US- and Canada-listed companies in the clean energy industry. ACES was launched on Jun 29, 2018 and is managed by ALPS.