iShares Global Clean Energy ETF (NASDAQ:ICLN) Trading Up 1.2% – Should You Buy?

Shares of iShares Global Clean Energy ETF (NASDAQ:ICLN) shot up 1.2% during trading on Friday . The company traded as high as $17.34 and last traded at $17.32. 3,840,137 shares traded hands during trading, a decline of 27% from the average session volume of 5,278,119 shares. The stock had previously closed at $17.12.

iShares Global Clean Energy ETF Stock Performance

The business’s 50 day moving average is $16.83 and its two-hundred day moving average is $15.41. The firm has a market capitalization of $2.00 billion, a PE ratio of 17.16 and a beta of 1.04.

iShares Global Clean Energy ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a $0.1282 dividend. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 157.0%.

Institutional Trading of iShares Global Clean Energy ETF

A number of institutional investors have recently added to or reduced their stakes in ICLN. Allianz SE grew its position in iShares Global Clean Energy ETF by 5.0% during the second quarter. Allianz SE now owns 761,908 shares of the company’s stock worth $9,989,000 after buying an additional 36,103 shares in the last quarter. Archer Investment Management LLC purchased a new stake in shares of iShares Global Clean Energy ETF in the 3rd quarter valued at about $590,000. Farther Finance Advisors LLC boosted its position in shares of iShares Global Clean Energy ETF by 822.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,322 shares of the company’s stock valued at $44,000 after acquiring an additional 2,962 shares during the last quarter. BLVD Private Wealth LLC purchased a new position in shares of iShares Global Clean Energy ETF during the second quarter worth about $530,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of iShares Global Clean Energy ETF by 51.5% during the second quarter. JPMorgan Chase & Co. now owns 1,108,613 shares of the company’s stock worth $14,534,000 after purchasing an additional 377,004 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.