Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Trading 3.5% Higher – Still a Buy?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBWGet Free Report)’s share price shot up 3.5% on Friday . The stock traded as high as $34.84 and last traded at $34.81. Approximately 657,947 shares were traded during trading, a decline of 29% from the average session volume of 930,653 shares. The stock had previously closed at $33.64.

Invesco WilderHill Clean Energy ETF Trading Up 3.5%

The company has a market cap of $428.86 million, a price-to-earnings ratio of 0.93 and a beta of 1.79. The stock has a 50-day simple moving average of $36.98 and a 200-day simple moving average of $35.91.

Hedge Funds Weigh In On Invesco WilderHill Clean Energy ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Invesco WilderHill Clean Energy ETF during the 4th quarter worth about $27,000. JPMorgan Chase & Co. raised its holdings in 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 purchasing an additional 425 shares in the last quarter. Johnson Financial Group Inc. raised its holdings in Invesco WilderHill Clean Energy ETF by 274.9% during the first quarter. Johnson Financial Group Inc. now owns 1,436 shares of the company’s stock worth $45,000 after purchasing an additional 1,053 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Invesco WilderHill Clean Energy ETF in the fourth quarter worth approximately $57,000. Finally, Kestra Advisory Services LLC bought a new position in Invesco WilderHill Clean Energy ETF during the 4th quarter valued at $89,000.

About Invesco WilderHill Clean Energy ETF

(Get Free Report)

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.

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