Invesco Global Clean Energy ETF (NYSEARCA:PBD) Stock Price Down 0.9% – Time to Sell?

Invesco Global Clean Energy ETF (NYSEARCA:PBD)’s share price fell 0.9% during trading on Thursday . The company traded as low as $17.93 and last traded at $18.04. 13,296 shares were traded during mid-day trading, a decline of 78% from the average session volume of 61,144 shares. The stock had previously closed at $18.21.

Invesco Global Clean Energy ETF Price Performance

The company has a market capitalization of $186.17 million, a PE ratio of 19.47 and a beta of 1.34. The company has a 50-day moving average of $19.96 and a two-hundred day moving average of $19.02.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new position in shares of Invesco Global Clean Energy ETF during the 1st quarter valued at approximately $26,000. Quantinno Capital Management LP purchased a new stake in Invesco Global Clean Energy ETF in the 1st quarter worth approximately $277,000. Cetera Investment Advisers raised its stake in Invesco Global Clean Energy ETF by 571.4% during the 1st quarter. Cetera Investment Advisers now owns 117,075 shares of the company’s stock worth $2,099,000 after acquiring an additional 99,637 shares during the period. Independent Financial Group LLC bought a new stake in Invesco Global Clean Energy ETF during the 1st quarter worth approximately $462,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Invesco Global Clean Energy ETF by 11.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 148,261 shares of the company’s stock valued at $2,658,000 after purchasing an additional 15,429 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.