Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Stock Jumps 6.1% – Still a Buy?

Shares of Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) were up 6.1% on Friday. The stock traded as high as $26.30 and last traded at $26.24. Approximately 201,587 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 782,984 shares. The stock had previously closed at $24.74.

Invesco WilderHill Clean Energy ETF Trading Up 6.1%

The stock’s 50 day simple moving average is $28.47 and its 200 day simple moving average is $33.87. The stock has a market capitalization of $297.82 million, a P/E ratio of 0.93 and a beta of 1.81.

Hedge Funds Weigh In On Invesco WilderHill Clean Energy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its holdings in shares of Invesco WilderHill Clean Energy ETF by 322.5% in the 1st quarter. Cetera Investment Advisers now owns 72,289 shares of the company’s stock valued at $2,283,000 after purchasing an additional 55,181 shares during the period. Moller Wealth Partners acquired a new stake in shares of Invesco WilderHill Clean Energy ETF in the 3rd quarter valued at $958,000. Nwam LLC boosted its stake in shares of Invesco WilderHill Clean Energy ETF by 4.8% during the 1st quarter. Nwam LLC now owns 32,495 shares of the company’s stock worth $1,026,000 after acquiring an additional 1,476 shares in the last quarter. Prism Advisors Inc. grew its holdings in Invesco WilderHill Clean Energy ETF by 213.9% during the third quarter. Prism Advisors Inc. now owns 25,686 shares of the company’s stock valued at $727,000 after purchasing an additional 17,503 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in Invesco WilderHill Clean Energy ETF by 1.2% in the 1st quarter. Wealthfront Advisers LLC now owns 21,460 shares of the company’s stock worth $678,000 after acquiring an additional 256 shares during the period.

Invesco WilderHill Clean Energy ETF Company Profile

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.