ALPS Clean Energy ETF (NYSEARCA:ACES) Trading Up 2.2% – Time to Buy?

ALPS Clean Energy ETF (NYSEARCA:ACES) shares shot up 2.2% during mid-day trading on Monday . The company traded as high as $32.71 and last traded at $32.58. 678,978 shares changed hands during mid-day trading, an increase of 824% from the average session volume of 73,484 shares. The stock had previously closed at $31.88.

ALPS Clean Energy ETF Trading Up 2.2%

The firm has a fifty day moving average price of $34.80 and a 200 day moving average price of $33.49. The firm has a market cap of $107.51 million, a PE ratio of 21.11 and a beta of 1.46.

Hedge Funds Weigh In On ALPS Clean Energy ETF

A number of institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in ALPS Clean Energy ETF by 9,621.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,128,585 shares of the company’s stock valued at $69,009,000 after purchasing an additional 2,106,690 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of ALPS Clean Energy ETF by 10.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,262,174 shares of the company’s stock worth $40,920,000 after buying an additional 122,552 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of ALPS Clean Energy ETF during the 3rd quarter valued at approximately $36,382,000. Flow Traders U.S. LLC purchased a new stake in shares of ALPS Clean Energy ETF during the 2nd quarter valued at approximately $3,920,000. Finally, Jane Street Group LLC acquired a new position in ALPS Clean Energy ETF in the second quarter valued at approximately $2,502,000.

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.