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

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-strong trading volume on Wednesday . Approximately 10,041 shares traded hands during trading, an increase of 13% from the previous session’s volume of 8,865 shares.The stock last traded at $234.4160 and had previously closed at $236.06.

iShares MSCI ACWI Low Carbon Target ETF Trading Down 0.9%

The firm’s fifty day moving average is $230.67 and its 200 day moving average is $224.38. The company has a market cap of $1.01 billion, a PE ratio of -2,129.37 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC lifted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 418.3% in the 3rd quarter. Citadel Advisors LLC now owns 24,819 shares of the company’s stock valued at $5,631,000 after purchasing an additional 20,030 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 114.7% in the second quarter. Jane Street Group LLC now owns 15,818 shares of the company’s stock worth $3,351,000 after buying an additional 8,451 shares in the last quarter. Allianz SE boosted its position in iShares MSCI ACWI Low Carbon Target ETF by 3.5% during the third quarter. Allianz SE now owns 102,515 shares of the company’s stock worth $23,258,000 after acquiring an additional 3,500 shares during the last quarter. BSW Wealth Partners grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 12.5% during the 2nd quarter. BSW Wealth Partners now owns 27,991 shares of the company’s stock valued at $5,929,000 after acquiring an additional 3,114 shares in the last quarter. Finally, Ackerman Capital Advisors LLC acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 2nd quarter valued at about $603,000.

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.