Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Shares Gap Down – What’s Next?

Shares of Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) gapped down before the market opened on Monday . The stock had previously closed at $33.16, but opened at $31.85. Invesco WilderHill Clean Energy ETF shares last traded at $31.51, with a volume of 15,041 shares.

Invesco WilderHill Clean Energy ETF Stock Performance

The firm has a fifty day simple moving average of $32.00 and a 200-day simple moving average of $26.48. The company has a market capitalization of $559.99 million, a PE ratio of 0.93 and a beta of 1.77.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its position in shares of Invesco WilderHill Clean Energy ETF by 42.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,415 shares of the company’s stock worth $28,000 after purchasing an additional 425 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Invesco WilderHill Clean Energy ETF by 357.8% during the first quarter. National Bank of Canada FI now owns 2,115 shares of the company’s stock worth $33,000 after purchasing an additional 1,653 shares during the last quarter. Allworth Financial LP grew its stake in Invesco WilderHill Clean Energy ETF by 1,095.9% in the second quarter. Allworth Financial LP now owns 1,746 shares of the company’s stock worth $35,000 after purchasing an additional 1,600 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Invesco WilderHill Clean Energy ETF in the second quarter worth about $42,000. Finally, Advisors Preferred LLC bought a new stake in Invesco WilderHill Clean Energy ETF in the third quarter valued at about $42,000.

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.