Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sees Unusually-High Trading Volume – Time to Buy?

Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) saw an uptick in trading volume on Monday . 665,629 shares traded hands during trading, a decline of 36% from the previous session’s volume of 1,043,021 shares.The stock last traded at $33.02 and had previously closed at $32.21.

Invesco WilderHill Clean Energy ETF Price Performance

The firm has a market capitalization of $688.73 million, a price-to-earnings ratio of 0.93 and a beta of 1.77. The firm has a 50 day moving average price of $33.78 and a 200-day moving average price of $31.76.

Hedge Funds Weigh In On Invesco WilderHill Clean Energy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in PBW. HighTower Advisors LLC raised its holdings in Invesco WilderHill Clean Energy ETF by 0.7% in the fourth quarter. HighTower Advisors LLC now owns 818,050 shares of the company’s stock valued at $24,983,000 after acquiring an additional 5,567 shares in the last quarter. Bank of America Corp DE increased its position in shares of Invesco WilderHill Clean Energy ETF by 33.7% in the 3rd quarter. Bank of America Corp DE now owns 534,605 shares of the company’s stock valued at $15,439,000 after purchasing an additional 134,682 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Invesco WilderHill Clean Energy ETF by 78.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 471,799 shares of the company’s stock valued at $14,409,000 after purchasing an additional 208,119 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Invesco WilderHill Clean Energy ETF by 514.6% in the 4th quarter. Millennium Management LLC now owns 382,190 shares of the company’s stock valued at $11,672,000 after purchasing an additional 320,000 shares in the last quarter. Finally, LPL Financial LLC lifted its position in shares of Invesco WilderHill Clean Energy ETF by 65.9% during the 4th quarter. LPL Financial LLC now owns 320,122 shares of the company’s stock worth $9,777,000 after purchasing an additional 127,191 shares during the last quarter.

About Invesco WilderHill Clean Energy ETF

The Invesco WilderHill Clean Energy ETF (PBW) is an exchange-traded fund that is based on the The WilderHill Clean Energy (AMEX) index. The fund tracks a modified equal-weighted index of companies involved in cleaner energy sources or energy conservation. PBW was launched on Mar 3, 2005 and is managed by Invesco.