Invesco Global Clean Energy ETF (NYSEARCA:PBD) Stock Falls 0.1% – Time to Sell?

Invesco Global Clean Energy ETF (NYSEARCA:PBD) fell 0.1% on Monday. The stock traded as low as $15.75 and last traded at $15.76. 66,409 shares traded hands during trading, a decline of 18% from the average daily volume of 80,994 shares. The stock had previously closed at $15.77.

Invesco Global Clean Energy ETF Stock Performance

The company has a market cap of $107.64 million, a price-to-earnings ratio of 19.47 and a beta of 1.37. The business has a 50-day simple moving average of $17.33 and a 200-day simple moving average of $18.87.

Institutional Trading of Invesco Global Clean Energy ETF

Hedge funds have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Invesco Global Clean Energy ETF by 11.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 148,261 shares of the company’s stock worth $2,658,000 after acquiring an additional 15,429 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Invesco Global Clean Energy ETF by 571.4% in the 1st quarter. Cetera Investment Advisers now owns 117,075 shares of the company’s stock valued at $2,099,000 after purchasing an additional 99,637 shares during the last quarter. Nilsine Partners LLC increased its position in shares of Invesco Global Clean Energy ETF by 0.7% in the 2nd quarter. Nilsine Partners LLC now owns 90,082 shares of the company’s stock valued at $1,766,000 after purchasing an additional 641 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Invesco Global Clean Energy ETF by 6.5% in the 1st quarter. Private Advisor Group LLC now owns 28,640 shares of the company’s stock valued at $514,000 after purchasing an additional 1,756 shares in the last quarter. Finally, Independent Financial Group LLC acquired a new stake in shares of Invesco Global Clean Energy ETF in the 1st quarter valued at $462,000.

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.