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

ALPS Clean Energy ETF (NYSEARCA:ACES) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 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 traded.

ALPS Clean Energy ETF Price Performance

The stock has a market capitalization of $203.20 million, a P/E ratio of 10.24 and a beta of 1.77. The company’s 50-day simple moving average is $27.84 and its 200-day simple moving average is $28.73.

Hedge Funds Weigh In On ALPS Clean Energy ETF

A number of institutional investors have recently bought and sold shares of ACES. CWM LLC raised its position in shares of ALPS Clean Energy ETF by 4,212.0% in 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. Virtu Financial LLC acquired a new position in ALPS Clean Energy ETF in the 3rd quarter valued at about $605,000. Flow Traders U.S. LLC acquired a new position in ALPS Clean Energy ETF in the 3rd quarter valued at about $614,000. 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 during the period. Finally, Jane Street Group LLC acquired a new stake in ALPS Clean Energy ETF during the third quarter worth approximately $2,379,000.

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.