iShares Global Clean Energy ETF (NASDAQ:ICLN) Sets New 52-Week High – What’s Next?

iShares Global Clean Energy ETF (NASDAQ:ICLN)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $18.63 and last traded at $18.58, with a volume of 4691924 shares traded. The stock had previously closed at $18.20.

iShares Global Clean Energy ETF Price Performance

The firm has a market cap of $2.15 billion, a P/E ratio of 17.16 and a beta of 1.04. The stock’s 50-day moving average price is $16.93 and its 200 day moving average price is $15.82.

iShares Global Clean Energy ETF Announces Dividend

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

Institutional Investors Weigh In On iShares Global Clean Energy ETF

A number of institutional investors and hedge funds have recently modified their holdings of ICLN. Baird Financial Group Inc. raised its stake in iShares Global Clean Energy ETF by 14.4% in the first quarter. Baird Financial Group Inc. now owns 11,507 shares of the company’s stock valued at $131,000 after buying an additional 1,450 shares during the period. Focus Partners Wealth boosted its position in iShares Global Clean Energy ETF by 51.7% during the first quarter. Focus Partners Wealth now owns 75,516 shares of the company’s stock worth $862,000 after purchasing an additional 25,728 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of iShares Global Clean Energy ETF by 822.8% in the second quarter. Farther Finance Advisors LLC now owns 3,322 shares of the company’s stock valued at $44,000 after purchasing an additional 2,962 shares during the last quarter. Robbins Farley acquired a new position in shares of iShares Global Clean Energy ETF in the second quarter valued at $32,000. Finally, PFG Investments LLC increased its holdings in shares of iShares Global Clean Energy ETF by 18.7% in the second quarter. PFG Investments LLC now owns 133,752 shares of the company’s stock valued at $1,753,000 after purchasing an additional 21,105 shares during 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.