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

iShares Global Clean Energy ETF (NASDAQ:ICLN)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $12.17 and last traded at $12.19, with a volume of 42078 shares changing hands. The stock had previously closed at $12.33.

iShares Global Clean Energy ETF Trading Down 0.3 %

The company’s 50-day moving average price is $13.72 and its two-hundred day moving average price is $13.97. The company has a market cap of $1.75 billion, a P/E ratio of 14.91 and a beta of 1.09.

Institutional Investors Weigh In On iShares Global Clean Energy ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Total Wealth Planning LLC raised its position in shares of iShares Global Clean Energy ETF by 1.5% during the third quarter. Total Wealth Planning LLC now owns 1,510,039 shares of the company’s stock worth $22,182,000 after purchasing an additional 21,656 shares during the period. Perbak Capital Partners LLP purchased a new position in iShares Global Clean Energy ETF in the 1st quarter worth about $19,510,000. Raymond James Financial Services Advisors Inc. raised its holdings in iShares Global Clean Energy ETF by 287.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,213,173 shares of the company’s stock worth $16,159,000 after buying an additional 899,946 shares during the period. 1832 Asset Management L.P. raised its holdings in iShares Global Clean Energy ETF by 3.6% during the 2nd quarter. 1832 Asset Management L.P. now owns 1,059,546 shares of the company’s stock worth $14,113,000 after buying an additional 37,080 shares during the period. Finally, Canoe Financial LP purchased a new stake in iShares Global Clean Energy ETF during the third quarter valued at about $9,431,000.

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.