iShares Global Clean Energy ETF (NASDAQ:ICLN) Reaches New 52-Week High – Should You Buy?

iShares Global Clean Energy ETF (NASDAQ:ICLN)’s stock price hit a new 52-week high during mid-day trading 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 Trading Up 0.9%

The firm has a fifty day moving average of $16.86 and a 200 day moving average of $15.72. The company has a market capitalization of $2.11 billion, a P/E 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 paid a $0.1282 dividend. The ex-dividend date was Tuesday, December 16th. This represents a dividend yield of 157.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bartlett & CO. Wealth Management LLC purchased a new stake in iShares Global Clean Energy ETF during the 4th quarter valued at $28,000. Triumph Capital Management purchased a new position in shares of iShares Global Clean Energy ETF in the 3rd quarter worth $29,000. PFS Partners LLC grew its holdings in shares of 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 worth $34,000 after acquiring an additional 1,725 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in iShares Global Clean Energy ETF during the second quarter valued at $30,000. Finally, MJT & Associates Financial Advisory Group Inc. increased its position in iShares Global Clean Energy ETF by 43.8% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 2,374 shares of the company’s stock valued at $37,000 after acquiring an additional 723 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.