ALPS Clean Energy ETF (NYSEARCA:ACES) Stock Price Down 5.2% – Should You Sell?

ALPS Clean Energy ETF (NYSEARCA:ACES)’s stock price traded down 5.2% on Thursday . The company traded as low as $34.15 and last traded at $34.23. 117,123 shares traded hands during mid-day trading, an increase of 150% from the average session volume of 46,855 shares. The stock had previously closed at $36.11.

ALPS Clean Energy ETF Price Performance

The stock has a market cap of $112.96 million, a price-to-earnings ratio of 21.11 and a beta of 1.46. The stock’s 50-day moving average is $34.27 and its 200-day moving average is $32.39.

Institutional Investors Weigh In On ALPS Clean Energy ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Smithfield Trust Co acquired a new position in ALPS Clean Energy ETF in the second quarter valued at $36,000. Raymond James Financial Inc. purchased a new stake in ALPS Clean Energy ETF in the 2nd quarter valued at about $96,000. Advisors Preferred LLC acquired a new position in shares of ALPS Clean Energy ETF during the 3rd quarter valued at about $118,000. UBS Group AG increased its position in ALPS Clean Energy ETF by 21.9% during the third quarter. UBS Group AG now owns 24,896 shares of the company’s stock worth $795,000 after purchasing an additional 4,466 shares during the last quarter. Finally, Bank of America Corp DE increased its position 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 purchasing an additional 1,184 shares during the last quarter.

ALPS Clean Energy ETF Company 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.