iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase – Here’s Why

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Thursday . 9,392 shares traded hands during trading, a decline of 1% from the previous session’s volume of 9,531 shares.The stock last traded at $247.49 and had previously closed at $245.99.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The company has a 50-day moving average of $244.37 and a two-hundred day moving average of $236.58. The stock has a market capitalization of $1.09 billion, a PE ratio of -2,247.82 and a beta of 0.93.

Hedge Funds Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Several large investors have recently added to or reduced their stakes in the business. Comerica Bank lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 7.0% during the third quarter. Comerica Bank now owns 994 shares of the company’s stock worth $226,000 after buying an additional 65 shares during the period. Westmount Partners LLC raised its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.5% in the 4th quarter. Westmount Partners LLC now owns 4,208 shares of the company’s stock worth $970,000 after purchasing an additional 142 shares during the period. Financial Futures Ltd Liability Co. raised its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 12.2% in the 4th quarter. Financial Futures Ltd Liability Co. now owns 1,313 shares of the company’s stock worth $303,000 after purchasing an additional 143 shares during the period. Focus Partners Wealth raised its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.1% in the 1st quarter. Focus Partners Wealth now owns 4,879 shares of the company’s stock worth $933,000 after purchasing an additional 147 shares during the period. Finally, Resources Management Corp CT ADV purchased a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter worth about $34,000.

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.