ALPS Clean Energy ETF (NYSEARCA:ACES) Shares Down 0.6% – Time to Sell?

ALPS Clean Energy ETF (NYSEARCA:ACES) shares fell 0.6% during trading on Friday . The stock traded as low as $27.08 and last traded at $27.10. 19,754 shares traded hands during trading, a decline of 80% from the average session volume of 100,159 shares. The stock had previously closed at $27.26.

ALPS Clean Energy ETF Stock Performance

The company’s 50 day moving average price is $27.17 and its 200 day moving average price is $28.17. The company has a market cap of $200.54 million, a price-to-earnings ratio of 10.24 and a beta of 1.77.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in ALPS Clean Energy ETF in the 3rd quarter valued at $479,130,000. Northwestern Mutual Wealth Management Co. grew its stake in ALPS Clean Energy ETF by 6.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 353,380 shares of the company’s stock valued at $9,951,000 after buying an additional 20,854 shares during the last quarter. Millennium Management LLC acquired a new position in ALPS Clean Energy ETF in the 2nd quarter valued at $2,816,000. Jane Street Group LLC acquired a new position in ALPS Clean Energy ETF in the 3rd quarter valued at $2,379,000. Finally, Truist Financial Corp grew its stake in ALPS Clean Energy ETF by 3.3% in the 2nd quarter. Truist Financial Corp now owns 26,303 shares of the company’s stock valued at $741,000 after buying an additional 830 shares during the last quarter.

About ALPS Clean Energy ETF

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.