iShares Global Clean Energy ETF (NASDAQ:ICLN) Hits New 12-Month Low – Should You Sell?

iShares Global Clean Energy ETF (NASDAQ:ICLN)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $11.03 and last traded at $11.04, with a volume of 2753834 shares changing hands. The stock had previously closed at $11.33.

iShares Global Clean Energy ETF Trading Down 0.2 %

The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 14.91 and a beta of 1.09. The firm’s 50 day simple moving average is $11.76 and its 200-day simple moving average is $13.10.

iShares Global Clean Energy ETF Announces Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $0.1142 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Phillips Financial Management LLC purchased a new stake in shares of iShares Global Clean Energy ETF during the 3rd quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in iShares Global Clean Energy ETF during the third quarter worth $31,000. RPg Family Wealth Advisory LLC acquired a new stake in iShares Global Clean Energy ETF in the third quarter valued at $51,000. Pine Haven Investment Counsel Inc increased its position in shares of iShares Global Clean Energy ETF by 8.3% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 11,690 shares of the company’s stock valued at $133,000 after buying an additional 900 shares in the last quarter. Finally, Susquehanna International Group Ltd. purchased a new position in shares of iShares Global Clean Energy ETF in the second quarter valued at $146,000.

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.