iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Reaches New 12-Month High – Should You Buy?

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

iShares MSCI ACWI Low Carbon Target ETF Trading Up 0.7%

The company has a fifty day simple moving average of $237.11 and a 200-day simple moving average of $234.44. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -2,306.18 and a beta of 0.93.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

Several institutional investors and hedge funds have recently bought and sold shares of CRBN. Royal Bank of Canada raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 6.8% during the 1st quarter. Royal Bank of Canada now owns 12,177 shares of the company’s stock worth $2,327,000 after buying an additional 770 shares during the period. Jones Financial Companies Lllp raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 143.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,213 shares of the company’s stock worth $805,000 after buying an additional 2,482 shares during the period. Goldman Sachs Group Inc. raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 17.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 12,351 shares of the company’s stock worth $2,361,000 after buying an additional 1,860 shares during the period. Focus Partners Wealth raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 3.1% during the 1st quarter. Focus Partners Wealth now owns 4,879 shares of the company’s stock worth $933,000 after buying an additional 147 shares during the period. Finally, Raymond James Financial Inc. grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 24.8% during the 2nd quarter. Raymond James Financial Inc. now owns 4,290 shares of the company’s stock valued at $909,000 after acquiring an additional 852 shares in the last quarter.

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.