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

Shares of iShares Global Clean Energy ETF (NASDAQ:ICLN) reached a new 52-week low during trading on Monday. The stock traded as low as $15.53 and last traded at $15.68, with a volume of 58,931 shares changing hands. The stock had previously closed at $16.02.

iShares Global Clean Energy ETF Trading Up 2.0%

The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 17.16 and a beta of 1.10. The firm’s 50 day moving average is $17.22 and its two-hundred day moving average is $18.78.

Institutional Trading of iShares Global Clean Energy ETF

Several institutional investors have recently made changes to their positions in ICLN. Bank of America Corp DE raised its holdings in iShares Global Clean Energy ETF by 2.8% in the first quarter. Bank of America Corp DE now owns 3,769,084 shares of the company’s stock valued at $68,937,000 after buying an additional 103,067 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of iShares Global Clean Energy ETF by 289.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,887,946 shares of the company’s stock worth $38,684,000 after purchasing an additional 1,402,558 shares in the last quarter. Bank of Nova Scotia grew its stake in shares of iShares Global Clean Energy ETF by 458.6% in the first quarter. Bank of Nova Scotia now owns 803,560 shares of the company’s stock valued at $14,697,000 after buying an additional 659,700 shares in the last quarter. Agur Provident & Training Funds Management Ltd. acquired a new position in iShares Global Clean Energy ETF during the 2nd quarter worth approximately $10,353,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in iShares Global Clean Energy ETF in the second quarter valued at approximately $6,677,000.

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. 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.