Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Reaches New 52-Week High – Here’s Why

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

Invesco WilderHill Clean Energy ETF Stock Performance

The company has a market cap of $538.44 million, a PE ratio of 0.93 and a beta of 1.72. The company has a 50 day simple moving average of $36.27 and a two-hundred day simple moving average of $33.92.

Institutional Investors Weigh In On Invesco WilderHill Clean Energy ETF

Large investors have recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Invesco WilderHill Clean Energy ETF in the 4th quarter valued at approximately $27,000. Advisors Preferred LLC acquired a new position in shares of Invesco WilderHill Clean Energy ETF during the third quarter worth approximately $42,000. JPMorgan Chase & Co. lifted 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 during the last quarter. Johnson Financial Group Inc. lifted its holdings in shares of 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 buying an additional 1,053 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Invesco WilderHill Clean Energy ETF during the fourth quarter worth approximately $57,000.

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.