Baker Avenue Asset Management LP Buys 170,124 Shares of iShares Global Clean Energy ETF $ICLN

Baker Avenue Asset Management LP lifted its stake in shares of iShares Global Clean Energy ETF (NASDAQ:ICLN) by 576.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 199,652 shares of the company’s stock after purchasing an additional 170,124 shares during the quarter. Baker Avenue Asset Management LP’s holdings in iShares Global Clean Energy ETF were worth $3,280,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC bought a new stake in iShares Global Clean Energy ETF during the 4th quarter worth $28,000. Triumph Capital Management bought a new stake in shares of iShares Global Clean Energy ETF in the third quarter worth $29,000. PFS Partners LLC raised its position in shares of iShares Global Clean Energy ETF by 545.9% during 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 last quarter. Olistico Wealth LLC acquired a new position in shares of iShares Global Clean Energy ETF in the fourth quarter worth approximately $40,000. Finally, FWL Investment Management LLC lifted its stake in shares of iShares Global Clean Energy ETF by 26.8% in the third quarter. FWL Investment Management LLC now owns 3,310 shares of the company’s stock worth $51,000 after acquiring an additional 700 shares during the period.

iShares Global Clean Energy ETF Price Performance

Shares of ICLN stock opened at $23.40 on Friday. The stock has a market capitalization of $2.83 billion, a PE ratio of 17.16 and a beta of 1.04. The business’s 50 day simple moving average is $19.98 and its 200 day simple moving average is $18.41. iShares Global Clean Energy ETF has a one year low of $12.47 and a one year high of $23.65.

iShares Global Clean Energy ETF 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.