Invesco Global Clean Energy ETF (NYSEARCA:PBD) Shares Down 1.4% – Time to Sell?

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

Invesco Global Clean Energy ETF Price Performance

The stock has a market cap of $200.49 million, a price-to-earnings ratio of 19.47 and a beta of 1.34. The stock’s 50 day simple moving average is $20.81 and its two-hundred day simple moving average is $18.79.

Institutional Trading of Invesco Global Clean Energy ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new position in Invesco Global Clean Energy ETF in the fourth quarter worth about $30,845,000. Royal Bank of Canada boosted its holdings 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 valued at $5,512,000 after purchasing an additional 330,866 shares in the last quarter. LPL Financial LLC grew its stake in shares of Invesco Global Clean Energy ETF by 260.7% in the 4th quarter. LPL Financial LLC now owns 218,412 shares of the company’s stock valued at $3,513,000 after purchasing an additional 157,859 shares during the period. Stifel Financial Corp grew its stake in shares of Invesco Global Clean Energy ETF by 812.2% in the 4th quarter. Stifel Financial Corp now owns 169,828 shares of the company’s stock valued at $2,731,000 after purchasing an additional 151,210 shares during the period. Finally, UBS Group AG raised its holdings in shares of Invesco Global Clean Energy ETF by 347.3% in the 4th 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.

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.