ALPS Clean Energy ETF (NYSEARCA:ACES) Trading Down 5.2% – Time to Sell?

ALPS Clean Energy ETF (NYSEARCA:ACES)’s stock price dropped 5.2% on Thursday . The company traded as low as $34.15 and last traded at $34.23. Approximately 117,123 shares changed hands during mid-day trading, an increase of 150% from the average daily volume of 46,855 shares. The stock had previously closed at $36.11.

ALPS Clean Energy ETF Trading Down 5.2%

The stock has a market cap of $112.96 million, a P/E ratio of 21.11 and a beta of 1.46. The business’s fifty day simple moving average is $34.27 and its 200 day simple moving average is $32.39.

Institutional Trading of ALPS Clean Energy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ACES. Smithfield Trust Co acquired a new position in ALPS Clean Energy ETF during the 2nd quarter worth $36,000. Raymond James Financial Inc. bought a new stake in shares of ALPS Clean Energy ETF during the second quarter worth $96,000. Advisors Preferred LLC bought a new stake in shares of ALPS Clean Energy ETF during the third quarter worth $118,000. UBS Group AG lifted its stake in shares of ALPS Clean Energy ETF by 21.9% during the third quarter. UBS Group AG now owns 24,896 shares of the company’s stock valued at $795,000 after acquiring an additional 4,466 shares during the period. Finally, Bank of America Corp DE boosted its holdings in ALPS Clean Energy ETF by 3.6% in the second quarter. Bank of America Corp DE now owns 33,999 shares of the company’s stock valued at $877,000 after acquiring an additional 1,184 shares during the last quarter.

ALPS Clean Energy ETF Company 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.