iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase – Here’s What Happened

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares saw strong trading volume on Wednesday . 13,542 shares traded hands during trading, an increase of 49% from the previous session’s volume of 9,061 shares.The stock last traded at $232.52 and had previously closed at $231.36.

iShares MSCI ACWI Low Carbon Target ETF Stock Up 0.3%

The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -2,115.76 and a beta of 0.94. The stock has a 50 day simple moving average of $229.61 and a 200 day simple moving average of $221.53.

Hedge Funds Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Several hedge funds and other institutional investors have recently modified their holdings of CRBN. Rossmore Private Capital bought a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at about $27,000. Resources Management Corp CT ADV acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the third quarter valued at approximately $34,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the second quarter valued at approximately $58,000. Bessemer Group Inc. bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the third quarter valued at approximately $62,000. Finally, Concord Wealth Partners acquired a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the second quarter worth approximately $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.