ALPS Clean Energy ETF (NYSEARCA:ACES) Stock Price Passes Above 50 Day Moving Average – What’s Next?

ALPS Clean Energy ETF (NYSEARCA:ACES)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $27.89 and traded as high as $27.96. ALPS Clean Energy ETF shares last traded at $27.96, with a volume of 28,892 shares.

ALPS Clean Energy ETF Trading Up 0.4 %

The company’s fifty day moving average is $27.84 and its 200-day moving average is $28.73. The firm has a market capitalization of $203.20 million, a P/E ratio of 10.24 and a beta of 1.77.

Hedge Funds Weigh In On ALPS Clean Energy ETF

A number of institutional investors have recently made changes to their positions in ACES. Millennium Management LLC bought a new position in ALPS Clean Energy ETF during the second quarter valued at about $2,816,000. CWM LLC increased its position in shares of ALPS Clean Energy ETF by 4,212.0% during the third quarter. CWM LLC now owns 2,156 shares of the company’s stock valued at $63,000 after purchasing an additional 2,106 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of ALPS Clean Energy ETF by 6.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 353,380 shares of the company’s stock valued at $9,951,000 after purchasing an additional 20,854 shares in the last quarter. Truist Financial Corp raised its stake in shares of ALPS Clean Energy ETF by 3.3% in the second quarter. Truist Financial Corp now owns 26,303 shares of the company’s stock valued at $741,000 after purchasing an additional 830 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new position in ALPS Clean Energy ETF in the third quarter worth $614,000.

ALPS Clean Energy ETF Company Profile

The ALPS Clean Energy ETF (ACES) is an exchange-traded fund that is based on the CIBC Atlas Clean Energy index. The fund tracks an index of US- and Canada-listed companies in the clean energy industry. ACES was launched on Jun 29, 2018 and is managed by ALPS.