iShares Global Clean Energy ETF (NASDAQ:ICLN) Hits New 1-Year Low – Here’s What Happened

iShares Global Clean Energy ETF (NASDAQ:ICLN)’s share price reached a new 52-week low on Friday . The company traded as low as $11.28 and last traded at $11.28, with a volume of 4485 shares. The stock had previously closed at $11.53.

iShares Global Clean Energy ETF Stock Down 2.7 %

The stock’s fifty day moving average price is $12.00 and its two-hundred day moving average price is $13.26. The company has a market capitalization of $1.40 billion, a PE ratio of 14.91 and a beta of 1.09.

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.

Hedge Funds Weigh In On iShares Global Clean Energy ETF

Several hedge funds have recently added to or reduced their stakes in ICLN. Wealth Enhancement Advisory Services LLC boosted its position in iShares Global Clean Energy ETF by 52.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 49,430 shares of the company’s stock valued at $563,000 after buying an additional 17,059 shares during the period. Moller Wealth Partners boosted its position in iShares Global Clean Energy ETF by 10.5% in the 4th quarter. Moller Wealth Partners now owns 98,329 shares of the company’s stock valued at $1,119,000 after buying an additional 9,373 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in iShares Global Clean Energy ETF in the 3rd quarter valued at about $212,000. Y Intercept Hong Kong Ltd purchased a new stake in iShares Global Clean Energy ETF in the 3rd quarter valued at about $1,819,000. Finally, Headinvest LLC boosted its position in iShares Global Clean Energy ETF by 7.9% in the 3rd quarter. Headinvest LLC now owns 12,291 shares of the company’s stock valued at $181,000 after buying an additional 900 shares during the period.

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.