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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-high trading volume on Monday . Approximately 8,591 shares were traded during trading, an increase of 7% from the previous session’s volume of 8,030 shares.The stock last traded at $194.62 and had previously closed at $194.57.

iShares MSCI ACWI Low Carbon Target ETF Stock Up 0.3 %

The stock has a 50-day moving average of $198.10 and a 200 day moving average of $191.18. The company has a market capitalization of $1.01 billion, a PE ratio of 20.64 and a beta of 0.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers boosted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.3% in the second quarter. Cetera Investment Advisers now owns 25,863 shares of the company’s stock worth $4,740,000 after acquiring an additional 73 shares during the period. BSW Wealth Partners lifted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 3.0% during the 3rd quarter. BSW Wealth Partners now owns 23,248 shares of the company’s stock worth $4,560,000 after purchasing an additional 688 shares in the last quarter. AlTi Global Inc. boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 2.5% in the 2nd quarter. AlTi Global Inc. now owns 19,847 shares of the company’s stock worth $3,637,000 after purchasing an additional 493 shares during the period. Coldstream Capital Management Inc. purchased a new position in iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter valued at about $3,654,000. Finally, Bank of Montreal Can increased its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 2,271.0% during the second quarter. Bank of Montreal Can now owns 14,629 shares of the company’s stock valued at $2,686,000 after buying an additional 14,012 shares during the period.

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.