Invesco Global Clean Energy ETF (NYSEARCA:PBD) Shares Up 1.8% – Here’s Why

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

Invesco Global Clean Energy ETF Stock Performance

The stock has a market capitalization of $121.27 million, a P/E ratio of 19.47 and a beta of 1.36. The business has a 50 day simple moving average of $17.88 and a 200-day simple moving average of $19.02.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Western Wealth Management LLC bought a new stake in Invesco Global Clean Energy ETF in the first quarter worth about $26,000. Integrated Wealth Concepts LLC bought a new position in shares of Invesco Global Clean Energy ETF during the 2nd quarter valued at about $74,000. PFG Investments LLC acquired a new position in shares of Invesco Global Clean Energy ETF in the 1st quarter worth approximately $206,000. Princeton Global Asset Management LLC grew its stake in shares of Invesco Global Clean Energy ETF by 74.8% in the 1st quarter. Princeton Global Asset Management LLC now owns 11,718 shares of the company’s stock worth $210,000 after purchasing an additional 5,013 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Invesco Global Clean Energy ETF in the 2nd quarter worth approximately $272,000.

Invesco Global Clean Energy ETF Company Profile

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.