Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Trading 2.2% Higher – Should You Buy?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW)’s share price shot up 2.2% during mid-day trading on Monday . The company traded as high as $23.01 and last traded at $22.48. 516,725 shares were traded during mid-day trading, an increase of 48% from the average session volume of 350,175 shares. The stock had previously closed at $21.99.

Invesco WilderHill Clean Energy ETF Trading Up 2.2 %

The firm has a market cap of $335.18 million, a PE ratio of 1.19 and a beta of 1.96. The company has a 50 day moving average price of $20.55 and a 200 day moving average price of $20.21.

Institutional Investors Weigh In On Invesco WilderHill Clean Energy ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Invesco WilderHill Clean Energy ETF by 20.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,463 shares of the company’s stock valued at $90,000 after buying an additional 765 shares in the last quarter. Gateway Wealth Partners LLC increased its stake in Invesco WilderHill Clean Energy ETF by 10.7% during the third quarter. Gateway Wealth Partners LLC now owns 32,976 shares of the company’s stock valued at $661,000 after purchasing an additional 3,194 shares during the last quarter. Wealthspire Advisors LLC raised its stake in Invesco WilderHill Clean Energy ETF by 27.2% during the second quarter. Wealthspire Advisors LLC now owns 30,533 shares of the company’s stock worth $615,000 after acquiring an additional 6,538 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Invesco WilderHill Clean Energy ETF by 6.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 13,658 shares of the company’s stock worth $274,000 after purchasing an additional 887 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in Invesco WilderHill Clean Energy ETF by 1,145.6% during the 3rd quarter. Citigroup Inc. now owns 382,302 shares of the company’s stock valued at $7,658,000 after purchasing an additional 351,611 shares during the period.

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.