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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-strong trading volume on Wednesday . Approximately 55,942 shares traded hands during trading, an increase of 565% from the previous session’s volume of 8,407 shares.The stock last traded at $185.66 and had previously closed at $170.20.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The stock has a market capitalization of $908.92 million, a price-to-earnings ratio of 19.88 and a beta of 0.93. The business has a fifty day simple moving average of $193.73 and a 200 day simple moving average of $195.99.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

A number of hedge funds have recently added to or reduced their stakes in CRBN. NBC Securities Inc. acquired a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 1st quarter valued at $50,000. Whittier Trust Co. of Nevada Inc. increased its stake in iShares MSCI ACWI Low Carbon Target ETF by 558.6% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 461 shares of the company’s stock valued at $89,000 after purchasing an additional 391 shares in the last quarter. EP Wealth Advisors LLC raised its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 22.9% during the third quarter. EP Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $158,000 after purchasing an additional 150 shares during the period. Kraft Davis & Associates LLC bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter worth about $212,000. Finally, Equita Financial Network Inc. acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the 4th quarter valued at about $230,000.

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.