iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Unusually-High Trading Volume – Should You Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares saw unusually-strong trading volume on Tuesday. Approximately 17,239 shares traded hands during mid-day trading, an increase of 100% from the previous session’s volume of 8,599 shares. The stock last traded at $257.30 and had previously closed at $257.76.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The company’s 50-day moving average price is $256.91 and its two-hundred day moving average price is $248.29. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2,329.27 and a beta of 0.93.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

Large investors have recently bought and sold shares of the business. Royal Bank of Canada grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 40.6% during the first quarter. Royal Bank of Canada now owns 29,627 shares of the company’s stock worth $6,602,000 after buying an additional 8,557 shares in the last quarter. Allianz SE lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 6.3% during the 4th quarter. Allianz SE now owns 109,015 shares of the company’s stock valued at $25,131,000 after acquiring an additional 6,500 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 50.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,689 shares of the company’s stock worth $1,081,000 after acquiring an additional 1,564 shares during the last quarter. Investure LLC boosted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 1.5% during the 4th quarter. Investure LLC now owns 104,151 shares of the company’s stock worth $24,010,000 after acquiring an additional 1,490 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the 1st quarter worth $217,000.

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.