ALPS Clean Energy ETF (NYSEARCA:ACES) Stock Jumps 3.6% – Time to Buy?

ALPS Clean Energy ETF (NYSEARCA:ACES)’s stock price traded up 3.6% on Tuesday. The company traded as high as $26.50 and last traded at $26.41. 18,894 shares traded hands during trading, a decline of 74% from the average daily volume of 72,866 shares. The stock had previously closed at $25.48.

ALPS Clean Energy ETF Stock Performance

The company has a market capitalization of $91.94 million, a price-to-earnings ratio of 21.11 and a beta of 1.46. The firm has a fifty day moving average price of $28.50 and a 200-day moving average price of $33.27.

Institutional Investors Weigh In On ALPS Clean Energy ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in ALPS Clean Energy ETF by 99.8% during the first quarter. Bank of America Corp DE now owns 62,709 shares of the company’s stock worth $2,101,000 after buying an additional 31,322 shares in the last quarter. Cetera Investment Advisers bought a new position in ALPS Clean Energy ETF in the 1st quarter valued at about $212,000. Finally, Wealthfront Advisers LLC raised its position in shares of ALPS Clean Energy ETF by 2.2% in the 1st quarter. Wealthfront Advisers LLC now owns 97,030 shares of the company’s stock valued at $3,251,000 after buying an additional 2,112 shares in the last quarter.

ALPS Clean Energy ETF Company Profile

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.