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This Fund Sold $4 Million of Clean Energy ETF Shares Amid an 80% Rally, but Here's Why It Still Seems Bullish

www.nasdaq.com · May 7, 2026 · 17:44

Written by Jonathan Ponciano for The Motley Fool->

Florin Court sold 199,800 ICLN shares in the first quarter; the estimated trade size was $3.64 million based on quarterly average pricing.

Meanwhile, the quarter-end position value fell by $2.78 million, reflecting combined trading and price movements.

The transaction represented 13.73% of 13F reportable assets under management.

Post-trade, the fund holds 267,979 shares valued at $4.90 million.

Florin Court Capital reported a sale of 199,800 shares of the iShares Global Clean Energy ETF (NASDAQ:ICLN) on May 6, 2026, with an estimated transaction value of $3.64 million based on quarterly average pricing.

According to a filing with the Securities and Exchange Commission dated May 6, 2026, Florin Court Capital sold 199,800 shares of the iShares Global Clean Energy ETF. The estimated transaction value was $3.64 million, calculated using the mean unadjusted closing price for the quarter. The quarter-end value of the position declined by $2.78 million, reflecting both trading activity and stock price changes.

The iShares Global Clean Energy ETF (ICLN) provides investors with exposure to a broad array of companies leading the transition to renewable and clean energy worldwide. The fund leverages a passive investment approach, tracking a global index to offer diversified access to the clean energy sector.

Sentiment around renewable energy stocks has dramatically shifted over the past year, and that’s evidenced here. ICLN has surged more than 84%, driven by a rebound in solar equipment makers, power infrastructure names, and AI-related electricity demand themes. The ETF now manages roughly $2.5 billion in assets and holds 106 global clean energy companies. Its largest positions include Bloom Energy, First Solar, and NextPower.The fund also gives investors broad exposure across renewable electricity, heavy electrical equipment, semiconductors, and utilities, sectors increasingly tied to grid modernization and data center expansion. That’s why this sale ultimately looks less like a loss of confidence in clean energy and more like a portfolio rebalance after a huge run. Even after trimming nearly $3.64 million in shares, the iShares Global Clean Energy ETF remains Florin Court Capital’s largest holding at 18.5% of assets, suggesting the broader bullish view is still intact.

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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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