ALPS Clean Energy ETF (NYSEARCA:ACES) Stock Falls 0.7% – What’s Next?

ALPS Clean Energy ETF (NYSEARCA:ACES)’s stock price was down 0.7% during trading on Monday. The stock traded as low as $27.57 and last traded at $27.83. 28,215 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 77,503 shares. The stock had previously closed at $28.04.

ALPS Clean Energy ETF Trading Down 2.4%

The firm’s 50-day moving average price is $30.14 and its two-hundred day moving average price is $33.58. The stock has a market cap of $98.49 million, a PE ratio of 21.11 and a beta of 1.46.

Hedge Funds Weigh In On ALPS Clean Energy ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in ALPS Clean Energy ETF by 99.8% in the 1st quarter. Bank of America Corp DE now owns 62,709 shares of the company’s stock worth $2,101,000 after acquiring an additional 31,322 shares during the last quarter. Cetera Investment Advisers acquired a new position in ALPS Clean Energy ETF in the first quarter valued at approximately $212,000. Wealthfront Advisers LLC boosted its holdings in ALPS Clean Energy ETF by 2.2% during the first quarter. Wealthfront Advisers LLC now owns 97,030 shares of the company’s stock worth $3,251,000 after buying an additional 2,112 shares in the last quarter. Finally, Waystone Advisors LLC boosted its stake in shares of ALPS Clean Energy ETF by 35.2% during the 1st quarter. Waystone Advisors LLC now owns 17,029 shares of the company’s stock worth $571,000 after acquiring an additional 4,437 shares in the last quarter.

About ALPS Clean Energy ETF

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.