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

Shares of iShares Global Clean Energy ETF (NASDAQ:ICLN) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $11.03 and last traded at $11.04, with a volume of 2753834 shares changing hands. The stock had previously closed at $11.33.

iShares Global Clean Energy ETF Trading Down 2.6 %

The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 14.91 and a beta of 1.09. The stock’s 50 day moving average is $11.81 and its 200 day moving average is $13.15.

iShares Global Clean Energy ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a $0.1142 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ICLN. Envestnet Asset Management Inc. increased its stake in iShares Global Clean Energy ETF by 3.0% in the second quarter. Envestnet Asset Management Inc. now owns 639,414 shares of the company’s stock valued at $8,517,000 after purchasing an additional 18,823 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in iShares Global Clean Energy ETF by 40.4% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 18,791 shares of the company’s stock valued at $250,000 after buying an additional 5,410 shares during the period. 1832 Asset Management L.P. increased its stake in shares of iShares Global Clean Energy ETF by 3.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,059,546 shares of the company’s stock valued at $14,113,000 after acquiring an additional 37,080 shares during the last quarter. Affinity Capital Advisors LLC lifted its holdings in shares of iShares Global Clean Energy ETF by 68.9% during the 2nd quarter. Affinity Capital Advisors LLC now owns 62,800 shares of the company’s stock worth $837,000 after acquiring an additional 25,619 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of iShares Global Clean Energy ETF by 148.7% during the 2nd quarter. Millennium Management LLC now owns 276,747 shares of the company’s stock worth $3,686,000 after acquiring an additional 165,462 shares during the period.

About iShares Global Clean Energy ETF

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.