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

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

ALPS Clean Energy ETF Stock Performance

The company’s fifty day simple moving average is $27.15 and its two-hundred day simple moving average is $28.17. The stock has a market capitalization of $200.54 million, a P/E ratio of 10.24 and a beta of 1.77.

Institutional Trading of ALPS Clean Energy ETF

Several institutional investors have recently added to or reduced their stakes in ACES. International Assets Investment Management LLC bought a new position in shares of ALPS Clean Energy ETF during the third quarter worth approximately $479,130,000. Northwestern Mutual Wealth Management Co. grew its position in ALPS Clean Energy ETF by 6.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 353,380 shares of the company’s stock worth $9,951,000 after buying an additional 20,854 shares in the last quarter. Millennium Management LLC acquired a new stake in ALPS Clean Energy ETF during the second quarter worth approximately $2,816,000. Jane Street Group LLC bought a new position in ALPS Clean Energy ETF during the 3rd quarter worth $2,379,000. Finally, Truist Financial Corp raised its holdings 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 acquiring an additional 830 shares in 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.