Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sets New 52-Week High – What’s Next?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) hit a new 52-week high on Monday . The company traded as high as $41.88 and last traded at $41.86, with a volume of 531859 shares traded. The stock had previously closed at $40.45.

Invesco WilderHill Clean Energy ETF Price Performance

The business’s 50-day moving average price is $33.71 and its two-hundred day moving average price is $33.04. The company has a market capitalization of $501.72 million, a P/E ratio of 0.93 and a beta of 1.72.

Institutional Investors Weigh In On Invesco WilderHill Clean Energy ETF

Several institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC lifted its position in Invesco WilderHill Clean Energy ETF by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 818,050 shares of the company’s stock valued at $24,983,000 after acquiring an additional 5,567 shares in the last quarter. Bank of America Corp DE increased its stake in 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 during the last quarter. Goldman Sachs Group Inc. increased its stake in Invesco WilderHill Clean Energy ETF by 78.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 471,799 shares of the company’s stock valued at $14,409,000 after buying an additional 208,119 shares during the last quarter. Millennium Management LLC increased its stake in Invesco WilderHill Clean Energy ETF by 514.6% in the 4th quarter. Millennium Management LLC now owns 382,190 shares of the company’s stock valued at $11,672,000 after buying an additional 320,000 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Invesco WilderHill Clean Energy ETF by 65.9% in the 4th quarter. LPL Financial LLC now owns 320,122 shares of the company’s stock valued at $9,777,000 after buying an additional 127,191 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.