iShares Global Clean Energy ETF (NASDAQ:ICLN) Reaches New 1-Year Low – What’s Next?

iShares Global Clean Energy ETF (NASDAQ:ICLN) shares reached a new 52-week low on Friday . The stock traded as low as $11.91 and last traded at $11.93, with a volume of 1966085 shares traded. The stock had previously closed at $11.98.

iShares Global Clean Energy ETF Price Performance

The firm has a market capitalization of $1.75 billion, a P/E ratio of 14.91 and a beta of 1.09. The company’s 50-day simple moving average is $12.79 and its two-hundred day simple moving average is $13.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ICLN. Raymond James Financial Services Advisors Inc. raised its position in iShares Global Clean Energy ETF by 287.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,213,173 shares of the company’s stock worth $16,159,000 after acquiring an additional 899,946 shares during the period. Canoe Financial LP bought a new stake in shares of iShares Global Clean Energy ETF during the 3rd quarter valued at $9,431,000. Florin Court Capital LLP bought a new stake in shares of iShares Global Clean Energy ETF during the 3rd quarter valued at $6,201,000. Erste Asset Management GmbH bought a new stake in shares of iShares Global Clean Energy ETF during the 3rd quarter valued at $4,407,000. Finally, International Assets Investment Management LLC raised its position in shares of iShares Global Clean Energy ETF by 1,364.5% during the 3rd quarter. International Assets Investment Management LLC now owns 238,021 shares of the company’s stock valued at $3,497,000 after purchasing an additional 221,768 shares during the period.

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.