iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase – Should You Buy?

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Thursday . 9,392 shares traded hands during trading, a decline of 1% from the previous session’s volume of 9,531 shares.The stock last traded at $247.49 and had previously closed at $245.99.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The company’s fifty day simple moving average is $245.48 and its 200-day simple moving average is $236.88. The company has a market capitalization of $1.11 billion, a P/E ratio of -2,294.00 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aspiriant LLC grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 1.7% during the 4th quarter. Aspiriant LLC now owns 116,572 shares of the company’s stock worth $26,873,000 after acquiring an additional 1,908 shares in the last quarter. Allianz SE grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 6.3% during the 4th quarter. Allianz SE now owns 109,015 shares of the company’s stock worth $25,131,000 after acquiring an additional 6,500 shares in the last quarter. Bank of America Corp DE grew its holdings 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 acquiring an additional 545 shares in the last quarter. Investure LLC grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 1.5% during the 4th quarter. Investure LLC now owns 104,151 shares of the company’s stock worth $24,010,000 after acquiring an additional 1,490 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 8.9% during the 4th quarter. Wells Fargo & Company MN now owns 48,123 shares of the company’s stock worth $11,094,000 after acquiring an additional 3,945 shares in 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.