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

Shares of iShares Global Clean Energy ETF (NASDAQ:ICLN) reached a new 52-week low on Tuesday . The company traded as low as $12.17 and last traded at $12.19, with a volume of 42078 shares trading hands. The stock had previously closed at $12.33.

iShares Global Clean Energy ETF Trading Down 2.8 %

The company has a 50 day simple moving average of $13.80 and a 200 day simple moving average of $13.99. The stock has a market cap of $1.75 billion, a P/E ratio of 14.91 and a beta of 1.09.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

Hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its position in iShares Global Clean Energy ETF by 45.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 39,665 shares of the company’s stock worth $555,000 after purchasing an additional 12,433 shares in the last quarter. Penobscot Wealth Management raised its position in shares of iShares Global Clean Energy ETF by 4.4% during the 2nd quarter. Penobscot Wealth Management now owns 126,665 shares of the company’s stock valued at $1,724,000 after buying an additional 5,308 shares in the last quarter. Farther Finance Advisors LLC grew its position in iShares Global Clean Energy ETF by 57.7% in the second quarter. Farther Finance Advisors LLC now owns 24,055 shares of the company’s stock worth $320,000 after acquiring an additional 8,803 shares in the last quarter. Jane Street Group LLC increased its stake in iShares Global Clean Energy ETF by 54.2% in the first quarter. Jane Street Group LLC now owns 644,950 shares of the company’s stock valued at $9,016,000 after acquiring an additional 226,758 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in iShares Global Clean Energy ETF during the first quarter worth about $267,000.

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.