Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Stock Price Up 2.5% – Should You Buy?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) shares traded up 2.5% during mid-day trading on Monday . The stock traded as high as $33.40 and last traded at $33.18. 902,513 shares were traded during trading, an increase of 9% from the average session volume of 831,756 shares. The stock had previously closed at $32.36.

Invesco WilderHill Clean Energy ETF Price Performance

The stock has a market cap of $718.35 million, a price-to-earnings ratio of 0.93 and a beta of 1.77. The stock’s 50-day moving average is $31.47 and its 200-day moving average is $27.89.

Hedge Funds Weigh In On Invesco WilderHill Clean Energy ETF

Several institutional investors have recently added to or reduced their stakes in PBW. Allianz SE grew its holdings in Invesco WilderHill Clean Energy ETF by 20.5% in the second quarter. Allianz SE now owns 264,068 shares of the company’s stock valued at $5,260,000 after purchasing an additional 45,000 shares during the period. Goldman Sachs Group Inc. raised its stake in Invesco WilderHill Clean Energy ETF by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 237,587 shares of the company’s stock worth $3,740,000 after purchasing an additional 48,043 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Invesco WilderHill Clean Energy ETF by 37.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,623 shares of the company’s stock valued at $749,000 after purchasing an additional 9,375 shares during the last quarter. Howe & Rusling Inc. grew its stake in shares of Invesco WilderHill Clean Energy ETF by 28.7% during the 1st quarter. Howe & Rusling Inc. now owns 6,299 shares of the company’s stock valued at $99,000 after buying an additional 1,405 shares during the period. Finally, Moller Wealth Partners increased its holdings in shares of Invesco WilderHill Clean Energy ETF by 13.4% during the 2nd quarter. Moller Wealth Partners now owns 37,709 shares of the company’s stock worth $751,000 after buying an additional 4,469 shares during the last quarter.

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.