Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sees Large Volume Increase – Should You Buy?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) shares saw an uptick in trading volume on Tuesday . 2,956,729 shares were traded during trading, an increase of 198% from the previous session’s volume of 992,698 shares.The stock last traded at $34.23 and had previously closed at $33.33.

Invesco WilderHill Clean Energy ETF Stock Performance

The stock has a 50 day moving average of $33.48 and a two-hundred day moving average of $30.87. The stock has a market cap of $720.07 million, a PE ratio of 0.93 and a beta of 1.77.

Institutional Investors Weigh In On Invesco WilderHill Clean Energy ETF

Several hedge funds have recently made changes to their positions in PBW. HighTower Advisors LLC acquired a new position in shares of Invesco WilderHill Clean Energy ETF in the third quarter worth $23,465,000. Millennium Management LLC grew its stake in Invesco WilderHill Clean Energy ETF by 514.6% in the fourth quarter. Millennium Management LLC now owns 382,190 shares of the company’s stock valued at $11,672,000 after purchasing an additional 320,000 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Invesco WilderHill Clean Energy ETF by 2,793.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 234,565 shares of the company’s stock valued at $7,164,000 after purchasing an additional 226,457 shares in the last quarter. Goldman Sachs Group Inc. increased its position 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 worth $14,409,000 after purchasing an additional 208,119 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Invesco WilderHill Clean Energy ETF by 107.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 299,315 shares of the company’s stock worth $5,962,000 after purchasing an additional 154,712 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.