iShares Global Clean Energy ETF (NASDAQ:ICLN) Hits New 12-Month High – Here’s Why

iShares Global Clean Energy ETF (NASDAQ:ICLN) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $22.18 and last traded at $22.18, with a volume of 2505458 shares traded. The stock had previously closed at $21.52.

iShares Global Clean Energy ETF Stock Up 3.1%

The company has a market cap of $2.68 billion, a price-to-earnings ratio of 17.16 and a beta of 1.04. The firm has a 50 day moving average price of $19.47 and a two-hundred day moving average price of $18.19.

Institutional Trading of iShares Global Clean Energy ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in shares of iShares Global Clean Energy ETF by 75,167.1% during the 4th quarter. Assetmark Inc. now owns 2,906,061 shares of the company’s stock worth $47,747,000 after buying an additional 2,902,200 shares during the period. LPL Financial LLC lifted its position in shares of iShares Global Clean Energy ETF by 306.9% during the 4th quarter. LPL Financial LLC now owns 3,036,315 shares of the company’s stock valued at $49,887,000 after acquiring an additional 2,290,021 shares during the period. Gimbal Financial acquired a new position in shares of iShares Global Clean Energy ETF during the 3rd quarter valued at $17,588,000. Bank of Nova Scotia boosted its stake in iShares Global Clean Energy ETF by 458.6% during the first quarter. Bank of Nova Scotia now owns 803,560 shares of the company’s stock worth $14,697,000 after acquiring an additional 659,700 shares in the last quarter. Finally, Sava Penzisko Drushtvo A.D. Skopje bought a new position in iShares Global Clean Energy ETF during the third quarter worth $7,816,000.

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. 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.