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

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Tuesday . 28,439 shares traded hands during mid-day trading, an increase of 200% from the previous session’s volume of 9,494 shares.The stock last traded at $239.9210 and had previously closed at $237.16.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The company has a 50-day simple moving average of $233.63 and a 200-day simple moving average of $227.43. The stock has a market cap of $1.04 billion, a PE ratio of -2,181.00 and a beta of 0.94.

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 stock. Royal Bank of Canada increased its holdings in iShares MSCI ACWI Low Carbon Target ETF by 6.8% in the first quarter. Royal Bank of Canada now owns 12,177 shares of the company’s stock valued at $2,327,000 after buying an additional 770 shares in the last quarter. Jones Financial Companies Lllp increased its stake in iShares MSCI ACWI Low Carbon Target ETF by 143.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,213 shares of the company’s stock valued at $805,000 after purchasing an additional 2,482 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 12,351 shares of the company’s stock worth $2,361,000 after purchasing an additional 1,860 shares during the last quarter. Focus Partners Wealth boosted its position in iShares MSCI ACWI Low Carbon Target ETF by 3.1% during the first quarter. Focus Partners Wealth now owns 4,879 shares of the company’s stock worth $933,000 after purchasing an additional 147 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF in the second quarter valued at $85,000.

iShares MSCI ACWI Low Carbon Target ETF Company Profile

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.