ACES - ALPS Clean Energy ETF

BATS - BATS Real Time Price. Currency in USD
28.86
-0.02 (-0.08%)
At close: 3:21PM EDT
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Previous Close28.88
Open29.13
Bid28.32 x 1200
Ask28.92 x 1200
Day's Range28.86 - 29.06
52 Week Range21.36 - 33.51
Volume15,547
Avg. Volume21,573
Net Assets57.98M
NAV28.83
PE Ratio (TTM)N/A
YieldN/A
YTD Return28.50%
Beta (3Y Monthly)0.00
Expense Ratio (net)0.65%
Inception Date2018-06-27
  • 5 Clean Energy ETFs to Buy for 2019
    InvestorPlace2 months ago

    5 Clean Energy ETFs to Buy for 2019

    Editor's note: This story was previously published in December 2018. It has since been updated and republished.Alternative energy is an increasingly prominent theme not only on the energy consumption front, but in the investment universe as well. A slew of exchange-traded funds (ETFs) focus on these themes, but there are only a few clean energy ETFs that truly stand out from the pack.Scores of data points confirm the move away from traditional fossil fuels to clean energy sources. For example, California, the largest U.S. state, recently put into the state building code a mandate that all new homes built there, starting in 2020, must have solar panels. Other data points indicate renewables are pressuring traditional power sources, such as coal.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"The competitive environment for coal-fired power in the generation marketplace is becoming ever more challenging as the price of renewables continues to fall and as natural gas prices are expected to remain low for the foreseeable future," according to the Institute For Energy Economics and Financial Analysis (IEEFA). * 7 Strong Buy Stocks That Tick All the Boxes Declining costs are fostering adoption of renewables and that trend could be a long-term catalyst for clean energy ETFs."The cost of building a new utility-scale solar or wind farm has now dropped below the cost of operating an existing coal plant, according to an analysis by the investment bank Lazard," reports CBS.Here are some of the best clean energy ETFs to consider in 2019. Source: Shutterstock ALPS Clean Energy ETF (ACES)Expense Ratio: 0.65% per yer, or $65 per $10,000 investedAmong clean energy ETFs, the ALPS Clean Energy ETF (NYSEARCA:ACES) is one of the newest having debuted late last June. Despite its rookie status, ACES may also be one of the most compelling clean energy ETFs due to its multi-theme exposure. While many clean energy ETFs focus on a specific part of the alternative energy universe, such as electric vehicles, solar or wind, ACES offers exposure to all those themes and then some.This clean energy ETF features solar, wind, smart grid, biomass, geothermal, electrical vehicle/storage and fuel cell stocks, giving it a broader reach than more established clean energy ETFs that you can buy."The fund's underlying index has a differentiated approach to investing in the sector. First, by narrowing the list of constituents to companies whose primary operations are focused on clean energy, the fund offers more pure-play exposure to the sector," according to ALPS.ACES holds 34 stocks and the largest holding is Cree (NASDAQ:CREE) at a weight of 5.75%. Invesco WilderHill Clean Energy ETF (PBW)Expense Ratio: 0.70%The Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) is just a few months shy of its fourteenth birthday, making it one of the more seasoned clean energy ETFs to buy on the market. The $105.10 million PBW targets the WilderHill Clean Energy Index.That index "is composed of stocks of companies that are publicly traded in the United States and engaged in the business of advancement of cleaner energy and conservation," according to Invesco. * 7 Energy Stocks to Buy to Light Up Your Portfolio The average market value of PBW's 39 holdings is $4.70 billion, indicating this clean energy ETF is a mid-cap fund. Just about 14% of PBW's constituents are classified as large caps. Another factor investors must consider with clean energy ETFs is that many of the stocks populating this investment niche are growth names.PBW fits that bill as over 48% of its components are classified as growth stocks. A price-to-earnings ratio of over 48 confirms this clean energy ETF's growth tilt. Source: Shutterstock Invesco Solar ETF (TAN)Expense Ratio: 0.70%The Invesco Solar ETF (NYSEARCA:TAN) is one of the largest clean energy ETFs despite its focus on one segment of the alternative energy space. Solar stocks are struggling this year, as highlighted by TAN's year-to-date decline of over 20%, but this clean energy ETF could be one to watch in 2019.Morgan Stanley recently raised a Market Weight rating on First Solar (NASDAQ:FSLR), TAN's largest holding at a weight of 10.62%. The restored its former price target on the largest U.S. solar company to $60 from $56.Solar installation trends in the U.S. and around the world bode well for TAN over the long-term."A record 8.5 gigawatts (GW) of utility solar projects were procured in the first six months of this year after President Donald Trump in January announced a 30 percent tariff on panels produced overseas, according to the report by Wood Mackenzie Power & Renewables and industry trade group the Solar Energy Industries Association," reports Reuters. Source: Shutterstock SPDR Kensho Clean Power ETF (XKCP)Expense Ratio: 0.45%The SPDR Kensho Clean Power ETF (NYSEARCA:XKCP) is another one of the newer entrants to the clean energy ETF space, having debuted in October. XKCP is also one of the more unique clean energy ETFs investors will find.The fund's underlying benchmark uses "artificial intelligence and a quantitative weighting methodology to capture companies whose products and services are driving innovation behind the clean energy sector, which includes the areas of solar, wind, geothermal, and hydroelectric power," according to State Street. * 7 Stocks to Buy That Ought to Buy Back Shares XKCP holds 43 stocks with an average market value of $18.29 billion. Enphase Energy (NASDAQ:ENPH) is the fund's largest holding at a weight of 5.25%. This clean energy ETF is diverse at the industry level, featuring exposure to 15 industries, including utilities, semiconductors and renewable electricity, among others. Source: Dave via Flickr (Modified) VanEck Vectors Global Alternative Energy ETF (GEX)Expense Ratio: 0.63%The VanEck Vectors Global Alternative Energy ETF (NYSEARCA:GEX) is a clean energy ETF with multiple applications across the alternative energy investment landscape. While GEX holds just 30 stocks, its roster spans bio mass, wind, solar, hydro and geothermal companies as well as companies that offer related products and services.GEX offers some level of renewable purity because its underlying index mandates that member firms derive at least half their revenue from clean energy endeavors. Just 4% of GEX's components are not large or mid caps.Relative to some other clean energy ETFs to buy, GEX sports attractive valuations as confirmed by a price-to-book ratio of just over 1 and a price-to-earnings ratio of 14.03.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Wildest Stock Market Predictions for 2019 * 7 Stocks to Buy Down 10% Last Week * 10 Stocks Defying the Market Selloff, Including Cronos Compare Brokers The post 5 Clean Energy ETFs to Buy for 2019 appeared first on InvestorPlace.

  • InvestorPlace3 months ago

    5 Solar ETFs to Consider for Sunny Gains

    Broadly speaking, solar stocks and the corresponding exchange-traded funds (ETFs) performed well in the first quarter. The MAC Global Solar Energy Index, a widely followed gauge of solar equities, gained almost 25% in the first three months of 2019.One of the reasons why solar ETFs are among this year's best-performing funds is that oil prices are high. While solar ETFs and equities are still relatively new in terms of financial market age, the group has shown a correlation to oil prices, rising in unison with crude and falling when oil prices do the same. The thesis here is that high fossil fuels prices should be a demand driver for renewable energy.More compelling fundamental factors augur well for solar ETFs and equities.InvestorPlace - Stock Market News, Stock Advice & Trading Tips"Global solar demand should grow 12% this year and 10% in 2020, according to Goldman Sachs. Growth should be especially strong in Europe, where demand could surge 30% this year. And the Middle East, where solar adoption has been slow to pick up, could double its capacity this year," according to Barron's. * 10 Dow Jones Stocks Holding the Blue Chip Index Back Here are some solar ETFs for environmentally-conscious investors to consider. Invesco Solar ETF (TAN)Expense ratio: 0.74% per year, or $74 on a $10,000 investmentHome to nearly $295 million in assets under management, the Invesco Solar ETF (NYSEARCA:TAN) is the largest solar ETF. Fast-approaching its eleventh birthday, TAN is also one of the oldest solar ETFs, making it the bellwether of this group. TAN tracks the aforementioned MAC Global Solar Energy Index.While TAN performed well in the first quarter, some causes for concern emerged late in the quarter. The solar ETF finished March with a loss of more than 6% and the last week of the month was particularly tough on TAN as the ETF shed about 4%. That does not mean TAN is headed for a bear market, but solar ETFs are volatile and TAN's recent performance could be a sign investors can wait for better pricing.Another element to consider with TAN is investors' appetite for smaller stocks because the average market value of this solar ETF's components is $1.41 billion, putting the fund in small-cap territory. In fact, barely more than 7% of TAN's holdings are considered large-caps, but over 62% of the fund's holdings are classified as growth stocks. ALPS Clean Energy ETF (ACES)Expense Ratio: 0.65%Still a couple months shy of its first anniversary, the ALPS Clean Energy ETF (NYSEARCA:ACES) is one of the newest alternative energy ETFs and the fund provides a refreshed alternative to traditional solar ETFs because, well, ACES is not a dedicated solar ETF."The fund's underlying index has a differentiated approach to investing in the sector. First, by narrowing the list of constituents to companies whose primary operations are focused on clean energy, the fund offers more pure-play exposure to the sector," according to ALPS. * 7 Funds to Buy If This Bull Market Continues In plain English, this is what ACES does: the fund provides exposure to seven alternative energy themes, of which solar is one. Like the aforementioned TAN, ACES features light large-cap exposure and is dominated by mid- and small-cap stocks. Solar stocks represent about 14% of the fund's weight. VanEck Vectors Global Alternative Energy ETF (GEX)Expense ratio: 0.63%In recent years, more investors have embraced the idea of solar investing, but there remains a dearth of dedicated solar ETFs. In lieu of those type of funds, investors should consider quasi-solar ETFs such as ACES and the VanEck Vectors Global Alternative Energy ETF (NYSEARCA:GEX). As its name implies, GEX is a play on multiple clean energy segments.The fund's underlying index defines alternative energy as "power derived principally from bio-fuels (such as ethanol), biomass, wind, solar, hydro and geothermal sources, and also includes various technologies that support the production, use and storage of these sources," according to VanEck.GEX's 31 holdings must garner at least half their revenue from alternative energy to be included in the fund's index. While GEX is not a dedicated solar ETF, it takes some of the edge off of direct solar investments as the fund has been less volatile than TAN over the past three years. That said, TAN has outperformed GEX by an almost 2-to-1 margin over that span. Invesco WilderHill Clean Energy ETF (PBW)Expense ratio: 0.70%Like several of the funds highlighted here, the Invesco WilderHill Clean Energy ETF (NYSEARCA:PBW) is a diversified alternative energy fund, not a focused solar ETF, but PBW's solar exposure is modestly higher than some of its most direct competitors. The other trait PBW shares with some of the funds mentioned here is that this fund has only modest large-cap exposure.PBW's 39 holdings have an average market capitalization of $4.53 billion. Seven of those components are solar companies. Just over 10% of PBW's holdings are classified as utility stocks and that is relevant because more utilities across the U.S. are bolstering their solar footprints. * 5 Futuristic Artificial Intelligence Stocks to Buy "Utilities are ramping up their solar projects because of state initiatives meant to speed up renewable-energy projects and growing interest from corporations, among other reasons," according to Barron's. Global X YieldCo & Renewable Energy Income ETF (YLCO)Expense ratio: 0.65%Solar ETFs usually are not fertile ground for dividend investors. The Global X YieldCo & Renewable Energy Income ETF (NASDAQ:YLCO) is the best, if not only way of changing that view. The proof is in YLCO's pudding. This solar ETF has a trailing 12-month dividend yield of 3.95%, compared to a microscopic 0.52% on TAN.YLCO holds what are known as YieldCos. Those firms "may include renewable energy utilities (e.g., solar, wind and hydroelectric power), producers of renewable energy components, producers of biofuels, and other companies involved in the financing, installation, and operation of renewable energy projects, including smart grid technology," according to Global X.This solar ETF's holdings hail from more a dozen countries, including both developed and emerging markets. The U.S. and Canada combine for almost a third of the fund's geographic weight while Denmark and Chile combine for about 22.90%.YLCO is likely to lag traditional solar ETFs on the upside, but the fund is less volatile, has a higher yield and has recently held steady even as TAN tumbled.As of this writing, Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post 5 Solar ETFs to Consider for Sunny Gains appeared first on InvestorPlace.

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    ALPS Adds a Clean Energy ETF Play

    ALPS expanded on its thematic exchange traded fund lineup with a strategy that helps investors target the renewable energy category. On Friday, ALPS launched the ALPS Clean Energy ETF (Cboe: ACES), which ...