ALPS Clean Energy ETF (NYSEARCA:ACES) Trading Up 2.7% – What’s Next?

ALPS Clean Energy ETF (NYSEARCA:ACES) rose 2.7% on Thursday . The company traded as high as $36.99 and last traded at $36.94. Approximately 83,947 shares were traded during trading, a decline of 6% from the average daily volume of 89,227 shares. The stock had previously closed at $35.98.

ALPS Clean Energy ETF Trading Up 2.7%

The firm has a market capitalization of $131.14 million, a price-to-earnings ratio of 21.11 and a beta of 1.40. The stock has a fifty day moving average price of $37.12 and a 200-day moving average price of $35.19.

Institutional Investors Weigh In On ALPS Clean Energy ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of ALPS Clean Energy ETF by 9,621.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,128,585 shares of the company’s stock worth $69,009,000 after purchasing an additional 2,106,690 shares during the last quarter. Waystone Advisors LLC bought a new position in ALPS Clean Energy ETF during the 4th quarter valued at about $408,000. CIBC Private Wealth Group LLC lifted its holdings in ALPS Clean Energy ETF by 2.2% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,139,622 shares of the company’s stock valued at $36,400,000 after purchasing an additional 24,792 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in ALPS Clean Energy ETF during the 3rd quarter valued at about $36,382,000. Finally, Virtu Financial LLC acquired a new position in ALPS Clean Energy ETF in the fourth quarter valued at about $384,000.

About ALPS Clean Energy ETF

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.