Lee Danner & Bass Inc. Makes New Investment in ALPS Clean Energy ETF (NYSEARCA:ACES)

Lee Danner & Bass Inc. purchased a new position in shares of ALPS Clean Energy ETF (NYSEARCA:ACES) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,200 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACES. Wealthfront Advisers LLC increased its holdings in ALPS Clean Energy ETF by 178.8% during the 4th quarter. Wealthfront Advisers LLC now owns 138,803 shares of the company’s stock valued at $3,614,000 after purchasing an additional 89,023 shares during the period. Jane Street Group LLC purchased a new position in shares of ALPS Clean Energy ETF during the 3rd quarter worth approximately $2,379,000. Flow Traders U.S. LLC purchased a new position in shares of ALPS Clean Energy ETF during the 3rd quarter worth approximately $614,000. Virtu Financial LLC purchased a new position in shares of ALPS Clean Energy ETF during the 3rd quarter worth approximately $605,000. Finally, TigerOak Management L.L.C. purchased a new position in shares of ALPS Clean Energy ETF during the 4th quarter worth approximately $248,000.

ALPS Clean Energy ETF Stock Performance

ACES stock opened at $23.78 on Monday. ALPS Clean Energy ETF has a fifty-two week low of $22.36 and a fifty-two week high of $32.50. The business’s 50 day moving average price is $24.87 and its two-hundred day moving average price is $26.74. The company has a market capitalization of $88.70 million, a price-to-earnings ratio of 21.56 and a beta of 1.54.

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.