Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Reaches New 1-Year High – Here’s Why

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) hit a new 52-week high during trading on Thursday . The stock traded as high as $45.66 and last traded at $45.02, with a volume of 943848 shares. The stock had previously closed at $44.66.

Invesco WilderHill Clean Energy ETF Trading Down 1.2%

The company has a market cap of $542.15 million, a PE ratio of 0.93 and a beta of 1.72. The firm’s fifty day moving average is $36.80 and its 200 day moving average is $34.10.

Institutional Investors Weigh In On Invesco WilderHill Clean Energy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC grew its holdings in shares of Invesco WilderHill Clean Energy ETF by 1.2% during the first quarter. Wealthfront Advisers LLC now owns 21,460 shares of the company’s stock worth $678,000 after buying an additional 256 shares in the last quarter. Howe & Rusling Inc. grew its holdings in shares of Invesco WilderHill Clean Energy ETF by 10.9% during the first quarter. Howe & Rusling Inc. now owns 3,980 shares of the company’s stock worth $126,000 after buying an additional 391 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Invesco WilderHill Clean Energy ETF by 42.9% during the second quarter. JPMorgan Chase & Co. now owns 1,415 shares of the company’s stock worth $28,000 after buying an additional 425 shares in the last quarter. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Invesco WilderHill Clean Energy ETF during the fourth quarter worth $27,000. Finally, Mariner LLC grew its holdings in shares of Invesco WilderHill Clean Energy ETF by 12.7% during the fourth quarter. Mariner LLC now owns 8,503 shares of the company’s stock worth $260,000 after buying an additional 956 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.