iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Reaches New 52-Week High – Here’s Why

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $253.96 and last traded at $253.96, with a volume of 1275 shares traded. The stock had previously closed at $251.32.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The business has a 50 day moving average of $238.21 and a 200-day moving average of $234.80. The stock has a market cap of $1.12 billion, a PE ratio of -2,312.27 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new position in iShares MSCI ACWI Low Carbon Target ETF during the 1st quarter worth approximately $102,000. Bank of America Corp DE grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 0.5% during the 1st quarter. Bank of America Corp DE now owns 106,335 shares of the company’s stock worth $23,692,000 after buying an additional 545 shares during the last quarter. Royal Bank of Canada lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 40.6% during the 1st quarter. Royal Bank of Canada now owns 29,627 shares of the company’s stock worth $6,602,000 after acquiring an additional 8,557 shares during the period. Fifth Third Bancorp acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF during the 1st quarter worth approximately $217,000. Finally, Midwest Financial Partners Investments Inc. lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 3.7% during the 1st quarter. Midwest Financial Partners Investments Inc. now owns 11,394 shares of the company’s stock worth $2,539,000 after acquiring an additional 405 shares during the period.

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.