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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw an uptick in trading volume on Thursday . 6,564 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 8,073 shares.The stock last traded at $194.55 and had previously closed at $193.16.

iShares MSCI ACWI Low Carbon Target ETF Stock Down 0.2 %

The firm has a market cap of $958.42 million, a price-to-earnings ratio of 20.21 and a beta of 0.95. The stock’s 50-day moving average price is $197.80 and its 200 day moving average price is $196.49.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. increased its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 558.6% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 461 shares of the company’s stock worth $89,000 after purchasing an additional 391 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 22.9% in the third quarter. EP Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $158,000 after acquiring an additional 150 shares during the last quarter. Kraft Davis & Associates LLC acquired a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 4th quarter worth approximately $212,000. Equita Financial Network Inc. bought a new stake in iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter worth approximately $230,000. Finally, Retirement Income Solutions Inc bought a new stake in iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter worth approximately $232,000.

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.