Penobscot Wealth Management Grows Position in iShares Global Clean Energy ETF (NASDAQ:ICLN)

Penobscot Wealth Management increased its position in iShares Global Clean Energy ETF (NASDAQ:ICLN) by 5.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 158,827 shares of the company’s stock after acquiring an additional 8,509 shares during the quarter. iShares Global Clean Energy ETF accounts for about 1.7% of Penobscot Wealth Management’s investment portfolio, making the stock its 15th biggest holding. Penobscot Wealth Management’s holdings in iShares Global Clean Energy ETF were worth $2,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ICLN. International Assets Investment Management LLC boosted its position in shares of iShares Global Clean Energy ETF by 1,457.8% in the 4th quarter. International Assets Investment Management LLC now owns 274,851 shares of the company’s stock worth $4,279,000 after purchasing an additional 257,208 shares in the last quarter. Pathstone Family Office LLC acquired a new stake in shares of iShares Global Clean Energy ETF during the third quarter worth about $3,754,000. Brown Advisory Inc. lifted its position in shares of iShares Global Clean Energy ETF by 1,811.8% during the 3rd quarter. Brown Advisory Inc. now owns 231,366 shares of the company’s stock valued at $3,383,000 after acquiring an additional 219,264 shares during the period. CX Institutional lifted its position in shares of iShares Global Clean Energy ETF by 77.0% during the 4th quarter. CX Institutional now owns 386,301 shares of the company’s stock valued at $6,015,000 after acquiring an additional 168,057 shares during the period. Finally, Krilogy Financial LLC purchased a new position in shares of iShares Global Clean Energy ETF during the 4th quarter worth approximately $2,349,000.

iShares Global Clean Energy ETF Stock Down 0.5 %

Shares of ICLN traded down $0.06 during mid-day trading on Thursday, reaching $13.08. 3,114,251 shares of the company’s stock were exchanged, compared to its average volume of 3,909,869. The company has a 50-day simple moving average of $13.77 and a two-hundred day simple moving average of $14.04. iShares Global Clean Energy ETF has a 52-week low of $12.72 and a 52-week high of $19.39. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 14.05 and a beta of 1.09.

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.