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

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

iShares Global Clean Energy ETF Stock Performance

The stock’s fifty day moving average price is $19.63 and its 200-day moving average price is $18.26. The firm has a market cap of $2.71 billion, a PE ratio of 17.16 and a beta of 1.04.

Hedge Funds Weigh In On iShares Global Clean Energy ETF

A number of large investors have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new position in shares of iShares Global Clean Energy ETF in the 1st quarter valued at about $169,000. Bank of America Corp DE increased its holdings in shares of iShares Global Clean Energy ETF by 2.8% in the 1st quarter. Bank of America Corp DE now owns 3,769,084 shares of the company’s stock valued at $68,937,000 after purchasing an additional 103,067 shares in the last quarter. Gateway Wealth Partners LLC purchased a new position in shares of iShares Global Clean Energy ETF in the 1st quarter valued at about $578,000. Boreal Capital Management LLC purchased a new position in shares of iShares Global Clean Energy ETF in the 1st quarter valued at about $31,000. Finally, Modern Wealth Management LLC purchased a new position in shares of iShares Global Clean Energy ETF in the 1st quarter valued at about $239,000.

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.