Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Hits New 52-Week High – Time to Buy?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) shares reached a new 52-week high on Friday . The company traded as high as $42.98 and last traded at $42.83, with a volume of 458445 shares trading hands. The stock had previously closed at $41.56.

Invesco WilderHill Clean Energy ETF Price Performance

The stock has a market capitalization of $514.40 million, a PE ratio of 0.93 and a beta of 1.72. The stock’s 50 day simple moving average is $35.56 and its two-hundred day simple moving average is $33.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBW. Royal Bank of Canada boosted its stake in Invesco WilderHill Clean Energy ETF by 14.3% in the first quarter. Royal Bank of Canada now owns 23,634 shares of the company’s stock valued at $372,000 after acquiring an additional 2,952 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Invesco WilderHill Clean Energy ETF by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 237,587 shares of the company’s stock valued at $3,740,000 after purchasing an additional 48,043 shares during the period. Cetera Investment Advisers raised its position in shares of Invesco WilderHill Clean Energy ETF by 9.0% in the second quarter. Cetera Investment Advisers now owns 13,880 shares of the company’s stock valued at $276,000 after purchasing an additional 1,142 shares during the period. JPMorgan Chase & Co. raised its position in shares of Invesco WilderHill Clean Energy ETF by 42.9% in the second quarter. JPMorgan Chase & Co. now owns 1,415 shares of the company’s stock valued at $28,000 after purchasing an additional 425 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of Invesco WilderHill Clean Energy ETF by 107.0% in 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.

Invesco WilderHill Clean Energy ETF Company Profile

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.