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

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

iShares Global Clean Energy ETF Stock Performance

The company has a 50 day moving average price of $19.47 and a 200 day moving average price of $18.19. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 17.16 and a beta of 1.04.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Baird Financial Group Inc. grew its position in iShares Global Clean Energy ETF by 14.4% in the 1st quarter. Baird Financial Group Inc. now owns 11,507 shares of the company’s stock valued at $131,000 after purchasing an additional 1,450 shares during the period. Focus Partners Wealth lifted its stake in shares of iShares Global Clean Energy ETF by 51.7% in the first quarter. Focus Partners Wealth now owns 75,516 shares of the company’s stock valued at $862,000 after buying an additional 25,728 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of iShares Global Clean Energy ETF by 20.6% in the second quarter. Benjamin Edwards Inc. now owns 20,841 shares of the company’s stock valued at $273,000 after buying an additional 3,563 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of iShares Global Clean Energy ETF by 56.1% during the second quarter. Corient Private Wealth LLC now owns 54,276 shares of the company’s stock valued at $712,000 after buying an additional 19,498 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in shares of iShares Global Clean Energy ETF by 87.9% during the second quarter. Geneos Wealth Management Inc. now owns 39,489 shares of the company’s stock worth $518,000 after acquiring an additional 18,477 shares in the last quarter.

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.