iShares Global Clean Energy ETF (NASDAQ:ICLN) Reaches New 1-Year High – Here’s Why

iShares Global Clean Energy ETF (NASDAQ:ICLN)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.72 and last traded at $17.60, with a volume of 6400652 shares trading hands. The stock had previously closed at $17.30.

iShares Global Clean Energy ETF Stock Performance

The stock has a market cap of $1.99 billion, a P/E ratio of 17.16 and a beta of 1.04. The business has a 50 day simple moving average of $15.60 and a 200-day simple moving average of $13.95.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ICLN. Family Legacy Financial Solutions LLC bought a new position in iShares Global Clean Energy ETF in the 2nd quarter valued at $25,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of iShares Global Clean Energy ETF during the 1st quarter valued at $27,000. Greykasell Wealth Strategies Inc. bought a new position in shares of iShares Global Clean Energy ETF during the 1st quarter worth $30,000. Elevation Point Wealth Partners LLC purchased a new stake in iShares Global Clean Energy ETF in the 2nd quarter worth about $30,000. Finally, Robbins Farley bought a new stake in iShares Global Clean Energy ETF in the 2nd quarter valued at about $32,000.

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.