On September 17, 2023, Empower Advisory Group LLC made a notable addition to its portfolio with the acquisition of a new position in iShares Global Clean Energy ETF (NASDAQ:ICLN). This strategic move was confirmed in the company’s recent 13F filing with the Securities and Exchange Commission (SEC).
Empower Advisory Group LLC, an institutional investor, acquired a total of 14,035 shares of iShares Global Clean Energy ETF during the first quarter. These shares have been valued at approximately $275,000. The decision to invest in this particular exchange-traded fund highlights Empower Advisory Group’s interest in the clean energy sector.
The iShares Global Clean Energy ETF offers investors exposure to a diversified portfolio of global companies involved in renewable energy and clean technology. As the world continues to grapple with climate change and environmental concerns, clean energy has emerged as a crucial solution towards a sustainable future. Consequently, investments in this sector have gained significant traction among market participants.
Empower Advisory Group’s foray into iShares Global Clean Energy ETF showcases their confidence in the potential of clean energy technologies and their commitment to supporting environmentally-friendly initiatives. Through this investment, Empower Advisory Group aims to leverage the opportunities presented by the accelerating adoption of clean energy globally.
By acquiring these shares, Empower Advisory Group seeks to capitalize on the growth prospects offered by companies within the clean energy space. The positive outlook for renewable energy sources is underscored by increasing government support through favorable regulations and incentives, as well as rising public awareness about mitigating climate change risks.
The move also signifies Empower Advisory Group’s dedication to aligning its investment strategy with sustainability goals. With responsible investing gaining prominence, institutional investors are increasingly mindful of environmental, social, and governance (ESG) factors when making financial decisions. By incorporating clean energy investments into their portfolio, Empower Advisory Group demonstrates its commitment towards both financial returns and ESG principles.
As Empower Advisory Group expands its investment footprint in the clean energy sector, it is anticipated that they will continue to monitor emerging trends and opportunities within this dynamic market. With their expertise and financial resources, they are well-positioned to navigate the evolving landscape of the global clean energy industry.
The acquisition of shares in iShares Global Clean Energy ETF by Empower Advisory Group demonstrates their dedication to investing in transformative industries that aim to address pressing environmental challenges. Through this strategic move, Empower Advisory Group aims to contribute towards a sustainable future while capitalizing on potential financial returns.
iShares Global Clean Energy ETF
ICLN
Updated on: 05/12/2023
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Neutral
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Major Investors Show Confidence in iShares Global Clean Energy ETF with Dramatic Stake Increases
iShares Global Clean Energy ETF (NASDAQ: ICLN) has been making waves in the investment world as of late, attracting attention from several major players. Large investors such as Jane Street Group LLC, Bank of America Corp DE, Rockefeller Capital Management L.P., ExodusPoint Capital Management LP, and UBS Group AG have all recently increased their stakes in the company’s shares.
One particularly notable move came from Jane Street Group LLC, which raised its stake by a staggering 1,288.7% during the fourth quarter. As a result, the firm now owns an impressive 7,738,327 shares of iShares Global Clean Energy ETF, worth approximately $153,606,000. Similarly, Bank of America Corp DE increased its holdings by 33.3% in the first quarter and now possesses 12,815,450 shares valued at $253,490,000.
Rockefeller Capital Management L.P. decided to lift its stake in the company’s shares by a significant 655%, acquiring 1,355,235 additional shares worth $26,901,000 during the fourth quarter. Additionally, ExodusPoint Capital Management LP demonstrated exponential growth with their position in iShares Global Clean Energy ETF increasing by a whopping 3,357,142.9% during the first quarter. The firm now holds 705,021 shares valued at $13,945,000.
Furthermore,UUBS Group AG also significantly boosted its holdings by adding an additional 664,l608 shares to their portfolio during the first quarter—a remarkable increase of 35.8%. This move brings their total holdings to approximately 2,s20,s31 shares worth $49,s52,s00.
The recent flurry of investment activity surrounding iShares Global Clean Energy ETF speaks volumes about the growing buzz surrounding clean energy companies and their potential for future growth and profitability. It seems that these large investors are placing strong bets on this particular exchange-traded fund, indicating their confidence in its long-term prospects.
As of now, iShares Global Clean Energy ETF is trading at $15.65 per share after opening on Friday. The company boasts a market capitalization of $3.50 billion and has a price-to-earnings ratio of 35.10. With a 50-day moving average of $17.02 and a 200-day moving average of $18.18, the stock has displayed some fluctuations but remains within a reasonable range.
It’s essential to conduct thorough research and explore all available resources before considering an investment in any company, including iShares Global Clean Energy ETF. One valuable resource for potential investors is HoldingsChannel.com, which provides access to the latest 13F filings and insider trades related to this particular exchange-traded fund.
As the investment landscape continues to evolve and new opportunities emerge, staying informed about major players’ strategies can be crucial in making informed investment decisions. Monitoring key moves by JP Morgan Chase & Co., Jane Street Group LLC, Bank of America Corp DE, Rockefeller Capital Management L.P., ExodusPoint Capital Management LP,, and UBS Group AG could provide insights into iShares Global Clean Energy ETF’s future growth trajectory.
Please note that investing in any financial asset carries inherent risks, including potential losses. It is always advisable to consult with a qualified financial advisor before making any investment decisions based on information provided in this article or elsewhere.
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