iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase – Should You Buy?

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-high trading volume on Thursday . Approximately 7,000 shares traded hands during trading, a decline of 18% from the previous session’s volume of 8,511 shares.The stock last traded at $198.69 and had previously closed at $199.75.

iShares MSCI ACWI Low Carbon Target ETF Stock Down 1.3 %

The firm has a market cap of $1.03 billion, a P/E ratio of 20.64 and a beta of 0.95. The firm has a fifty day moving average of $198.04 and a 200-day moving average of $195.86.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in CRBN. Aspiriant LLC boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 5.9% in the fourth quarter. Aspiriant LLC now owns 105,698 shares of the company’s stock valued at $20,462,000 after buying an additional 5,858 shares in the last quarter. Allianz SE bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the fourth quarter worth about $20,032,000. Investure LLC increased its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 1.2% during the fourth quarter. Investure LLC now owns 101,821 shares of the company’s stock worth $19,712,000 after buying an additional 1,171 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.8% in the 4th quarter. JPMorgan Chase & Co. now owns 72,802 shares of the company’s stock worth $14,094,000 after acquiring an additional 584 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 146.3% during the 4th quarter. Wealthfront Advisers LLC now owns 30,192 shares of the company’s stock worth $5,845,000 after buying an additional 17,934 shares during the period.

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.