London-based Perbak Capital Partners sold all its 482,918 shares in the iShares Global Clean Energy ETF during the third quarter, worth $6.33 million. This position previously accounted for 1.43% of the fund’s assets. The move was reflected in a November 13 SEC filing. Perbak’s ICLN stake was 1.4% of its 13F assets. Shares of ICLN were priced at $16.45, up 43% over the past year, outperforming the S&P 500. The ETF has $1.95 billion in AUM and a dividend yield of 1.5%. The fund seeks exposure to global clean energy companies through index replication.

Perbak Capital Partners fully exited its position in the iShares Global Clean Energy ETF during the third quarter, reflecting a $6.33 million net position change. This move was detailed in a November 13 SEC filing. The fund previously represented 1.43% of the fund’s assets. Shares of ICLN were priced at $16.45, showing a 43% increase over the past year. The ETF has $1.95 billion in AUM and a dividend yield of 1.5%, focusing on global clean energy companies. Perbak’s ICLN stake previously represented 1.4% of its 13F assets.

Foolish Take: London-based Perbak Capital Partners sold its shares in the iShares Global Clean Energy ETF, worth $6.33 million, during the third quarter. This move comes after ICLN rallied more than 40% over the past year, outperforming the S&P 500. The remaining holdings in Perbak’s portfolio lean toward broad, cyclical exposure, suggesting a strategic reallocation rather than a lack of faith in clean energy. ICLN’s concentrated focus on renewable power producers and utilities makes it a useful tactical tool but a volatile long-term investment.

Read more at Nasdaq: Why One Fund Ditched $6.3 Million of This Clean Energy ETF Amid a Steep Rally