Invesco Global Clean Energy ETF (NYSEARCA:PBD) Trading Down 1.4% – What’s Next?

Invesco Global Clean Energy ETF (NYSEARCA:PBD)’s stock price fell 1.4% on Thursday . The company traded as low as $18.95 and last traded at $19.04. Approximately 64,814 shares were traded during mid-day trading, an increase of 3% from the average daily volume of 63,032 shares. The stock had previously closed at $19.31.

Invesco Global Clean Energy ETF Stock Down 1.4%

The company has a market capitalization of $200.49 million, a P/E ratio of 19.47 and a beta of 1.34. The stock has a fifty day simple moving average of $20.81 and a 200-day simple moving average of $18.79.

Institutional Investors Weigh In On Invesco Global Clean Energy ETF

A number of hedge funds have recently made changes to their positions in PBD. HighTower Advisors LLC bought a new position in Invesco Global Clean Energy ETF during the 4th quarter valued at about $30,845,000. Royal Bank of Canada grew its stake in Invesco Global Clean Energy ETF by 2,798.7% during the fourth quarter. Royal Bank of Canada now owns 342,688 shares of the company’s stock worth $5,512,000 after buying an additional 330,866 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco Global Clean Energy ETF by 260.7% during the fourth quarter. LPL Financial LLC now owns 218,412 shares of the company’s stock worth $3,513,000 after buying an additional 157,859 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Invesco Global Clean Energy ETF by 812.2% during the fourth quarter. Stifel Financial Corp now owns 169,828 shares of the company’s stock worth $2,731,000 after buying an additional 151,210 shares in the last quarter. Finally, UBS Group AG increased its holdings in shares of Invesco Global Clean Energy ETF by 347.3% during the fourth quarter. UBS Group AG now owns 163,790 shares of the company’s stock worth $2,634,000 after buying an additional 127,175 shares in the last quarter.

About Invesco Global Clean Energy ETF

The Invesco Global Clean Energy ETF (PBD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks an index of companies that focus on cleaner energy, weighted equally in tiers. PBD was launched on Jun 13, 2007 and is managed by Invesco.