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

by · The Markets Daily

iShares Global Clean Energy ETF (NASDAQ:ICLN – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.63 and last traded at $18.58, with a volume of 4691924 shares changing hands. The stock had previously closed at $18.20.

iShares Global Clean Energy ETF Trading Up 2.1%

The firm has a market cap of $2.15 billion, a P/E ratio of 17.16 and a beta of 1.04. The company’s fifty day moving average price is $16.93 and its two-hundred day moving average price is $15.82.

iShares Global Clean Energy ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $0.1282 per share. This represents a dividend yield of 157.0%. The ex-dividend date was Tuesday, December 16th.

Hedge Funds Weigh In On iShares Global Clean Energy ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. FWL Investment Management LLC grew its stake in iShares Global Clean Energy ETF by 26.8% in the third quarter. FWL Investment Management LLC now owns 3,310 shares of the company’s stock valued at $51,000 after acquiring an additional 700 shares during the period. MJT & Associates Financial Advisory Group Inc. raised its holdings in iShares Global Clean Energy ETF by 43.8% during the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 2,374 shares of the company’s stock worth $37,000 after buying an additional 723 shares during the period. Palisades Hudson Asset Management L.P. lifted its stake in iShares Global Clean Energy ETF by 2.4% in the third quarter. Palisades Hudson Asset Management L.P. now owns 32,055 shares of the company’s stock valued at $496,000 after buying an additional 757 shares in the last quarter. First Pacific Financial increased its position in shares of iShares Global Clean Energy ETF by 25.0% during the fourth quarter. First Pacific Financial now owns 3,823 shares of the company’s stock worth $63,000 after acquiring an additional 764 shares in the last quarter. Finally, Biltmore Family Office LLC lifted its position in iShares Global Clean Energy ETF by 3.8% in the 2nd quarter. Biltmore Family Office LLC now owns 23,128 shares of the company’s stock valued at $303,000 after acquiring an additional 841 shares in the last quarter.

iShares Global Clean Energy ETF Company Profile

(Get Free Report)

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.

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