iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Tuesday . 5,626 shares changed hands during trading, a decline of 31% from the previous session’s volume of 8,182 shares.The stock last traded at $183.24 and had previously closed at $183.23.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The business has a 50-day simple moving average of $178.52 and a 200 day simple moving average of $173.07. The firm has a market cap of $956.07 million, a P/E ratio of 20.64 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Merit Financial Group LLC bought a new position in iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter valued at approximately $212,000. Cerity Partners LLC purchased a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter worth approximately $208,000. Van Hulzen Asset Management LLC grew its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.3% during the 4th quarter. Van Hulzen Asset Management LLC now owns 6,763 shares of the company’s stock worth $1,119,000 after acquiring an additional 218 shares during the period. Wolf Group Capital Advisors purchased a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter worth approximately $448,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 146.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 232 shares of the company’s stock worth $35,000 after acquiring an additional 138 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.