Northwestern Mutual Wealth Management Co. increased its stake in ALPS Clean Energy ETF (NYSEARCA:ACES – Free Report) by 9,621.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,128,585 shares of the company’s stock after buying an additional 2,106,690 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 64.50% of ALPS Clean Energy ETF worth $69,009,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Preferred LLC purchased a new position in shares of ALPS Clean Energy ETF in the 3rd quarter worth about $118,000. Raymond James Financial Inc. purchased a new position in shares of ALPS Clean Energy ETF in the 2nd quarter worth about $96,000. UBS Group AG boosted its holdings in shares of ALPS Clean Energy ETF by 21.9% in the 3rd quarter. UBS Group AG now owns 24,896 shares of the company’s stock worth $795,000 after buying an additional 4,466 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of ALPS Clean Energy ETF by 3.6% in the 2nd quarter. Bank of America Corp DE now owns 33,999 shares of the company’s stock worth $877,000 after buying an additional 1,184 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of ALPS Clean Energy ETF in the 3rd quarter worth about $2,038,000.
ALPS Clean Energy ETF Stock Performance
Shares of NYSEARCA:ACES opened at $38.11 on Monday. The company has a market capitalization of $135.29 million, a P/E ratio of 21.11 and a beta of 1.36. ALPS Clean Energy ETF has a fifty-two week low of $23.82 and a fifty-two week high of $38.77. The company’s 50-day moving average is $34.49 and its 200 day moving average is $34.32.
ALPS Clean Energy ETF 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.
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