iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Unusually-High Trading Volume – Still a Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw an uptick in trading volume on Wednesday . 13,542 shares changed hands during mid-day trading, an increase of 49% from the previous session’s volume of 9,061 shares.The stock last traded at $232.52 and had previously closed at $231.36.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The company has a market capitalization of $1.00 billion, a PE ratio of -2,115.76 and a beta of 0.94. The stock has a 50 day moving average price of $229.61 and a two-hundred day moving average price of $221.53.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 418.3% in the 3rd quarter. Citadel Advisors LLC now owns 24,819 shares of the company’s stock valued at $5,631,000 after purchasing an additional 20,030 shares during the last quarter. Jane Street Group LLC raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 114.7% during the second quarter. Jane Street Group LLC now owns 15,818 shares of the company’s stock valued at $3,351,000 after buying an additional 8,451 shares in the last quarter. Allianz SE boosted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.5% during the 3rd quarter. Allianz SE now owns 102,515 shares of the company’s stock worth $23,258,000 after acquiring an additional 3,500 shares in the last quarter. BSW Wealth Partners raised its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 12.5% in the 2nd quarter. BSW Wealth Partners now owns 27,991 shares of the company’s stock valued at $5,929,000 after acquiring an additional 3,114 shares in the last quarter. Finally, Ackerman Capital Advisors LLC bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 2nd quarter valued at approximately $603,000.

About iShares MSCI ACWI Low Carbon Target ETF

The iShares MSCI ACWI Low Carbon Target ETF (CRBN) is an exchange-traded fund that is based on the MSCI ACWI Low Carbon Target index. The fund tracks an index of stocks from global firms selected for a bias toward lower carbon emissions. CRBN was launched on Dec 9, 2014 and is managed by BlackRock.