iShares Global Clean Energy ETF (NASDAQ:ICLN) Sets New 52-Week Low – What’s Next?

iShares Global Clean Energy ETF (NASDAQ:ICLN) shares reached a new 52-week low during trading on Monday. The company traded as low as $15.53 and last traded at $15.68, with a volume of 58,931 shares changing hands. The stock had previously closed at $16.02.

iShares Global Clean Energy ETF Price Performance

The stock has a 50-day moving average price of $17.31 and a 200-day moving average price of $19.08. The firm has a market capitalization of $1.95 billion, a PE ratio of 17.16 and a beta of 1.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd grew its stake in shares of iShares Global Clean Energy ETF by 142.9% in the first quarter. Y.D. More Investments Ltd now owns 1,700 shares of the company’s stock worth $31,000 after purchasing an additional 1,000 shares in the last quarter. Boreal Capital Management LLC acquired a new stake in iShares Global Clean Energy ETF in the 1st quarter valued at approximately $31,000. Advisors Preferred LLC acquired a new position in shares of iShares Global Clean Energy ETF during the first quarter valued at about $34,000. Manchester Capital Management LLC bought a new position in iShares Global Clean Energy ETF during the third quarter worth about $34,000. Finally, Horizons Wealth Management bought a new position in shares of iShares Global Clean Energy ETF in the third quarter worth about $35,000.

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.