M & L Capital Management Ltd Purchases New Position in iShares Global Clean Energy ETF $ICLN

M & L Capital Management Ltd purchased a new stake in iShares Global Clean Energy ETF (NASDAQ:ICLN) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 58,500 shares of the company’s stock, valued at approximately $961,000. iShares Global Clean Energy ETF comprises 0.2% of M & L Capital Management Ltd’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Florin Court Capital LLP lifted its stake in shares of iShares Global Clean Energy ETF by 80.7% in the 3rd quarter. Florin Court Capital LLP now owns 1,073,879 shares of the company’s stock valued at $16,624,000 after purchasing an additional 479,600 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in iShares Global Clean Energy ETF during the third quarter valued at $785,000. Archer Investment Management LLC purchased a new position in iShares Global Clean Energy ETF in the third quarter valued at $590,000. BLVD Private Wealth LLC acquired a new position in shares of iShares Global Clean Energy ETF in the second quarter worth about $530,000. Finally, MinichMacGregor Wealth Management LLC purchased a new stake in shares of iShares Global Clean Energy ETF during the 3rd quarter worth about $1,175,000.

iShares Global Clean Energy ETF Stock Performance

iShares Global Clean Energy ETF stock opened at $18.18 on Tuesday. The stock has a market capitalization of $2.08 billion, a P/E ratio of 17.16 and a beta of 1.04. iShares Global Clean Energy ETF has a 1 year low of $10.46 and a 1 year high of $19.38. The company’s fifty day moving average price is $18.35 and its 200 day moving average price is $17.07.

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.