iShares Global Clean Energy ETF (NASDAQ:ICLN) Hits New 12-Month High – What’s Next?

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

iShares Global Clean Energy ETF Trading Up 2.3%

The stock has a market cap of $2.77 billion, a P/E ratio of 17.16 and a beta of 1.04. The firm’s 50-day simple moving average is $19.80 and its 200 day simple moving average is $18.33.

Institutional Trading of iShares Global Clean Energy ETF

Institutional investors have recently made changes to their positions in the stock. Nalls Sherbakoff Group LLC acquired a new stake in shares of iShares Global Clean Energy ETF in the 4th quarter worth approximately $25,000. Richards Merrill & Peterson Inc. acquired a new stake in shares of iShares Global Clean Energy ETF in the 1st quarter worth approximately $31,000. Y.D. More Investments Ltd lifted its stake in shares of iShares Global Clean Energy ETF by 142.9% in the 1st quarter. Y.D. More Investments Ltd now owns 1,700 shares of the company’s stock worth $31,000 after acquiring an additional 1,000 shares during the period. Boreal Capital Management LLC acquired a new stake in shares of iShares Global Clean Energy ETF in the 1st quarter worth approximately $31,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new stake in shares of iShares Global Clean Energy ETF in the 4th quarter worth approximately $28,000.

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.