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

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Thursday . 9,392 shares were traded during mid-day 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 business has a fifty day moving average price of $244.37 and a 200 day moving average price of $236.58. The company has a market capitalization of $1.09 billion, a PE ratio of -2,247.82 and a beta of 0.93.

Institutional Investors Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Several hedge funds have recently modified their holdings of CRBN. Royal Bank of Canada lifted its position 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 acquiring an additional 770 shares in the last quarter. Jones Financial Companies Lllp lifted its position 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 acquiring an additional 2,482 shares in the last quarter. Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 1,860 shares in the last quarter. Focus Partners Wealth lifted its position 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 acquiring an additional 147 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position 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 worth $909,000 after acquiring an additional 852 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.