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

iShares Global Clean Energy ETF (NASDAQ:ICLN)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $12.38 and last traded at $12.44, with a volume of 275627 shares. The stock had previously closed at $13.50.

iShares Global Clean Energy ETF Stock Down 7.3 %

The firm has a 50 day moving average of $13.94 and a 200 day moving average of $14.01. The firm has a market cap of $1.83 billion, a PE ratio of 14.91 and a beta of 1.09.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICLN. Sage Mountain Advisors LLC raised its position in shares of iShares Global Clean Energy ETF by 1,628.7% in the second quarter. Sage Mountain Advisors LLC now owns 2,109 shares of the company’s stock valued at $28,000 after purchasing an additional 1,987 shares during the period. Olistico Wealth LLC purchased a new stake in shares of iShares Global Clean Energy ETF during the second quarter worth $31,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of iShares Global Clean Energy ETF during the second quarter worth $31,000. Headlands Technologies LLC bought a new position in shares of iShares Global Clean Energy ETF in the second quarter worth $31,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of iShares Global Clean Energy ETF in the third quarter valued at $31,000.

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.