Invesco Global Clean Energy ETF (NYSEARCA:PBD) Shares Up 1.8% – What’s Next?

Invesco Global Clean Energy ETF (NYSEARCA:PBD)’s stock price shot up 1.8% on Thursday . The company traded as high as $17.33 and last traded at $17.25. 26,574 shares traded hands during trading, a decline of 69% from the average daily volume of 85,175 shares. The stock had previously closed at $16.94.

Invesco Global Clean Energy ETF Price Performance

The company has a market cap of $121.27 million, a P/E ratio of 19.47 and a beta of 1.36. The company has a fifty day simple moving average of $17.88 and a 200-day simple moving average of $19.02.

Institutional Investors Weigh In On Invesco Global Clean Energy ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in shares of Invesco Global Clean Energy ETF in the 1st quarter valued at $26,000. Integrated Wealth Concepts LLC purchased a new position in Invesco Global Clean Energy ETF in the 2nd quarter worth about $74,000. PFG Investments LLC acquired a new stake in Invesco Global Clean Energy ETF during the 1st quarter worth about $206,000. Princeton Global Asset Management LLC raised its holdings in Invesco Global Clean Energy ETF by 74.8% during the 1st quarter. Princeton Global Asset Management LLC now owns 11,718 shares of the company’s stock worth $210,000 after buying an additional 5,013 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Invesco Global Clean Energy ETF during the second quarter valued at about $272,000.

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.