iShares Global Clean Energy ETF (NASDAQ:ICLN) Sets New 52-Week High – Time to Buy?

iShares Global Clean Energy ETF (NASDAQ:ICLN) shares reached a new 52-week high on Thursday . The company traded as high as $18.22 and last traded at $18.2050, with a volume of 3627200 shares changing hands. The stock had previously closed at $17.74.

iShares Global Clean Energy ETF Stock Performance

The stock has a market cap of $2.09 billion, a PE ratio of 17.16 and a beta of 1.04. The company’s 50 day simple moving average is $16.81 and its 200 day simple moving average is $15.67.

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 paid a dividend of $0.1282 per share. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 157.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bartlett & CO. Wealth Management LLC purchased a new stake in iShares Global Clean Energy ETF during the 4th quarter worth about $28,000. Triumph Capital Management purchased a new position in iShares Global Clean Energy ETF during the third quarter worth about $29,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of iShares Global Clean Energy ETF in the 2nd quarter valued at about $30,000. Robbins Farley bought a new stake in shares of iShares Global Clean Energy ETF during the 2nd quarter valued at about $32,000. Finally, PFS Partners LLC raised its stake in iShares Global Clean Energy ETF by 545.9% in the fourth quarter. PFS Partners LLC now owns 2,041 shares of the company’s stock valued at $34,000 after purchasing an additional 1,725 shares in the last quarter.

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.