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

iShares Global Clean Energy ETF (NASDAQ:ICLN)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $12.38 and last traded at $12.44, with a volume of 275627 shares traded. The stock had previously closed at $13.50.

iShares Global Clean Energy ETF Stock Down 7.3 %

The business’s 50-day moving average price is $13.94 and its 200 day moving average price is $14.01. The company has a market capitalization of $1.83 billion, a P/E ratio of 14.91 and a beta of 1.09.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ICLN. Wealth Enhancement Advisory Services LLC grew its holdings in shares of iShares Global Clean Energy ETF by 4.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 40,478 shares of the company’s stock worth $566,000 after purchasing an additional 1,667 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in iShares Global Clean Energy ETF by 45.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 39,665 shares of the company’s stock worth $555,000 after buying an additional 12,433 shares in the last quarter. Smithfield Trust Co increased its holdings in shares of iShares Global Clean Energy ETF by 90.9% in the 1st quarter. Smithfield Trust Co now owns 34,912 shares of the company’s stock worth $487,000 after buying an additional 16,621 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of iShares Global Clean Energy ETF in the 1st quarter worth $322,000. Finally, Abbrea Capital LLC raised its position in shares of iShares Global Clean Energy ETF by 72.8% during the 1st quarter. Abbrea Capital LLC now owns 23,629 shares of the company’s stock valued at $330,000 after buying an additional 9,954 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.