Blume Capital Management Inc. Makes New Investment in ALPS Clean Energy ETF (NYSEARCA:ACES)

Blume Capital Management Inc. acquired a new stake in ALPS Clean Energy ETF (NYSEARCA:ACES) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,500 shares of the company’s stock, valued at approximately $54,000.

Several other hedge funds have also modified their holdings of the business. Tempus Wealth Planning LLC raised its stake in shares of ALPS Clean Energy ETF by 42.1% during the 4th quarter. Tempus Wealth Planning LLC now owns 9,967 shares of the company’s stock worth $358,000 after buying an additional 2,952 shares during the last quarter. Raymond James & Associates lifted its stake in ALPS Clean Energy ETF by 1.8% in the 3rd quarter. Raymond James & Associates now owns 19,317 shares of the company’s stock valued at $706,000 after buying an additional 333 shares in the last quarter. Navis Wealth Advisors LLC increased its position in ALPS Clean Energy ETF by 51.0% during the fourth quarter. Navis Wealth Advisors LLC now owns 26,837 shares of the company’s stock worth $963,000 after buying an additional 9,066 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of ALPS Clean Energy ETF in the fourth quarter worth $12,890,000.

ALPS Clean Energy ETF Stock Performance

ALPS Clean Energy ETF stock traded up $0.29 during midday trading on Thursday, reaching $29.07. 5,915 shares of the company were exchanged, compared to its average volume of 121,224. The company has a market capitalization of $215.12 million, a price-to-earnings ratio of 10.24 and a beta of 1.77. The firm’s 50-day simple moving average is $28.27 and its 200-day simple moving average is $30.43. ALPS Clean Energy ETF has a 1 year low of $25.55 and a 1 year high of $50.68.

ALPS Clean Energy ETF 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.