iShares Global Clean Energy ETF (NASDAQ:ICLN) Reaches New 1-Year High – What’s Next?

iShares Global Clean Energy ETF (NASDAQ:ICLN) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.19 and last traded at $22.93, with a volume of 4092041 shares. The stock had previously closed at $22.41.

iShares Global Clean Energy ETF Price Performance

The stock’s fifty day simple moving average is $19.98 and its 200-day simple moving average is $18.41. The firm has a market cap of $2.83 billion, a PE ratio of 17.16 and a beta of 1.04.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

A number of institutional investors and hedge funds have recently modified their holdings of ICLN. Assetmark Inc. grew its position in iShares Global Clean Energy ETF by 75,167.1% during the fourth quarter. Assetmark Inc. now owns 2,906,061 shares of the company’s stock valued at $47,747,000 after buying an additional 2,902,200 shares during the period. Natural Investments LLC acquired a new stake in iShares Global Clean Energy ETF during the fourth quarter valued at $627,000. Apella Capital LLC acquired a new stake in iShares Global Clean Energy ETF during the fourth quarter valued at $642,000. Tudor Investment Corp ET AL grew its position in iShares Global Clean Energy ETF by 173.0% during the third quarter. Tudor Investment Corp ET AL now owns 306,734 shares of the company’s stock valued at $4,748,000 after buying an additional 194,392 shares during the period. Finally, Washington Growth Strategies LLC grew its position in iShares Global Clean Energy ETF by 96.5% during the fourth quarter. Washington Growth Strategies LLC now owns 73,648 shares of the company’s stock valued at $1,210,000 after buying an additional 36,177 shares during the period.

iShares Global Clean Energy ETF Company Profile

iShares Global Clean Energy ETF, formerly iShares S&P Global Clean Energy Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Clean Energy Index. The S&P Global Clean Energy Index includes clean energy production companies, clean energy equipment and technology providers. The Fund operates in a range of sectors, which include electric utilities, semiconductors and semiconductor equipment, independent power producers and energy traders, commercial services and supplies, and electrical equipment.