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

Shares of Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) hit a new 52-week high during trading on Thursday . The company traded as high as $45.66 and last traded at $45.02, with a volume of 943848 shares traded. The stock had previously closed at $44.66.

Invesco WilderHill Clean Energy ETF Price Performance

The company has a market capitalization of $538.44 million, a price-to-earnings ratio of 0.93 and a beta of 1.72. The business has a fifty day moving average price of $36.27 and a 200 day moving average price of $33.92.

Institutional Trading of Invesco WilderHill Clean Energy ETF

A number of institutional investors and hedge funds have recently modified their holdings of PBW. HighTower Advisors LLC bought a new stake in shares of Invesco WilderHill Clean Energy ETF during the third quarter valued at approximately $23,465,000. Millennium Management LLC increased its position in shares of Invesco WilderHill Clean Energy ETF by 514.6% during the fourth quarter. Millennium Management LLC now owns 382,190 shares of the company’s stock valued at $11,672,000 after purchasing an additional 320,000 shares during the period. Kingsview Wealth Management LLC increased its position in shares of Invesco WilderHill Clean Energy ETF by 2,793.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 234,565 shares of the company’s stock valued at $7,164,000 after purchasing an additional 226,457 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Invesco WilderHill Clean Energy ETF by 78.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 471,799 shares of the company’s stock valued at $14,409,000 after purchasing an additional 208,119 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Invesco WilderHill Clean Energy ETF by 107.0% during the second quarter. BNP Paribas Financial Markets now owns 299,315 shares of the company’s stock valued at $5,962,000 after purchasing an additional 154,712 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.