iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Strong Trading Volume – What’s Next?

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-strong trading volume on Tuesday . Approximately 7,736 shares were traded during mid-day trading, a decline of 16% from the previous session’s volume of 9,156 shares.The stock last traded at $249.65 and had previously closed at $250.82.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The stock has a market capitalization of $1.10 billion, a PE ratio of -2,267.45 and a beta of 0.93. The firm’s 50 day simple moving average is $233.57 and its 200 day simple moving average is $233.07.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the 1st quarter valued at about $217,000. Midwest Financial Partners Investments Inc. increased its stake in iShares MSCI ACWI Low Carbon Target ETF by 3.7% in the 1st quarter. Midwest Financial Partners Investments Inc. now owns 11,394 shares of the company’s stock worth $2,539,000 after purchasing an additional 405 shares during the period. Financial Futures Ltd Liability Co. lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 15.7% in the first quarter. Financial Futures Ltd Liability Co. now owns 1,519 shares of the company’s stock valued at $339,000 after purchasing an additional 206 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 50.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,689 shares of the company’s stock worth $1,081,000 after buying an additional 1,564 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 2.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,695 shares of the company’s stock valued at $2,004,000 after acquiring an additional 234 shares during the last quarter.

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.