iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sets New 12-Month High – Still a Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $236.47 and last traded at $236.3090, with a volume of 2177 shares trading hands. The stock had previously closed at $235.81.

iShares MSCI ACWI Low Carbon Target ETF Stock Up 0.5%

The firm has a market capitalization of $1.02 billion, a P/E ratio of -2,154.64 and a beta of 0.94. The company has a fifty day simple moving average of $230.42 and a 200 day simple moving average of $224.00.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Financial Futures Ltd Liability Co. raised its stake in iShares MSCI ACWI Low Carbon Target ETF by 3.8% during the 3rd quarter. Financial Futures Ltd Liability Co. now owns 1,170 shares of the company’s stock worth $266,000 after acquiring an additional 43 shares during the period. Transcend Capital Advisors LLC boosted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.6% in the second quarter. Transcend Capital Advisors LLC now owns 1,627 shares of the company’s stock worth $345,000 after purchasing an additional 57 shares during the period. Comerica Bank increased its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 7.0% in the third quarter. Comerica Bank now owns 994 shares of the company’s stock worth $226,000 after purchasing an additional 65 shares in the last quarter. Albion Financial Group UT raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 1.0% during the 3rd quarter. Albion Financial Group UT now owns 7,949 shares of the company’s stock valued at $1,803,000 after purchasing an additional 79 shares during the period. Finally, Creative Planning raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 1.3% during the 2nd quarter. Creative Planning now owns 8,471 shares of the company’s stock valued at $1,794,000 after purchasing an additional 108 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.