Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) Sets New 12-Month High – Should You Buy?

Shares of Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) hit a new 52-week high on Friday . The company traded as high as $31.68 and last traded at $31.43, with a volume of 113882 shares. The stock had previously closed at $30.66.

Invesco WilderHill Clean Energy ETF Price Performance

The firm has a market capitalization of $523.85 million, a P/E ratio of 0.93 and a beta of 1.60. The stock has a fifty day simple moving average of $25.73 and a two-hundred day simple moving average of $20.84.

Institutional Investors Weigh In On Invesco WilderHill Clean Energy ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Invesco WilderHill Clean Energy ETF by 42.9% during the second quarter. JPMorgan Chase & Co. now owns 1,415 shares of the company’s stock valued at $28,000 after acquiring an additional 425 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco WilderHill Clean Energy ETF by 19.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,568 shares of the company’s stock valued at $56,000 after acquiring an additional 586 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Invesco WilderHill Clean Energy ETF by 9.0% during the second quarter. Cetera Investment Advisers now owns 13,880 shares of the company’s stock valued at $276,000 after acquiring an additional 1,142 shares in the last quarter. Howe & Rusling Inc. increased its holdings in shares of Invesco WilderHill Clean Energy ETF by 28.7% during the first quarter. Howe & Rusling Inc. now owns 6,299 shares of the company’s stock valued at $99,000 after acquiring an additional 1,405 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Invesco WilderHill Clean Energy ETF by 3.9% during the second quarter. Osaic Holdings Inc. now owns 39,829 shares of the company’s stock valued at $793,000 after acquiring an additional 1,493 shares in 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.