iShares Global Clean Energy ETF (NASDAQ:ICLN) Reaches New 12-Month Low – Time to Sell?

iShares Global Clean Energy ETF (NASDAQ:ICLN)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $11.91 and last traded at $11.93, with a volume of 1966085 shares trading hands. The stock had previously closed at $11.98.

iShares Global Clean Energy ETF Stock Performance

The firm has a market cap of $1.75 billion, a P/E ratio of 14.91 and a beta of 1.09. The stock’s fifty day moving average is $12.75 and its two-hundred day moving average is $13.68.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB purchased a new position in iShares Global Clean Energy ETF during the third quarter worth about $212,000. Y Intercept Hong Kong Ltd purchased a new stake in iShares Global Clean Energy ETF in the third quarter valued at approximately $1,819,000. Headinvest LLC lifted its position in iShares Global Clean Energy ETF by 7.9% during the third quarter. Headinvest LLC now owns 12,291 shares of the company’s stock valued at $181,000 after purchasing an additional 900 shares during the last quarter. MCIA Inc lifted its position in iShares Global Clean Energy ETF by 36.1% during the third quarter. MCIA Inc now owns 44,278 shares of the company’s stock valued at $650,000 after purchasing an additional 11,735 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in iShares Global Clean Energy ETF by 62.7% in the 3rd quarter. EP Wealth Advisors LLC now owns 12,946 shares of the company’s stock worth $190,000 after buying an additional 4,988 shares in the last quarter.

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.