iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Shares Down 0.8% – Time to Sell?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBNGet Free Report) shares traded down 0.8% during trading on Tuesday . The company traded as low as $252.26 and last traded at $252.30. Approximately 4,621 shares were traded during mid-day trading, a decline of 51% from the average session volume of 9,339 shares. The stock had previously closed at $254.38.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The stock has a market capitalization of $1.14 billion, a P/E ratio of -2,305.09 and a beta of 0.93. The business has a 50-day moving average price of $251.15 and a 200 day moving average price of $239.66.

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

A number of institutional investors and hedge funds have recently modified their holdings of CRBN. Resources Management Corp CT ADV bought a new stake in iShares MSCI ACWI Low Carbon Target ETF during the third quarter valued at approximately $34,000. Assetmark Inc. purchased a new position in iShares MSCI ACWI Low Carbon Target ETF during the fourth quarter valued at $38,000. Western Wealth Management LLC purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the first quarter worth about $102,000. Harbour Investments Inc. boosted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 1,907.4% during the 4th quarter. Harbour Investments Inc. now owns 542 shares of the company’s stock valued at $125,000 after acquiring an additional 515 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in iShares MSCI ACWI Low Carbon Target ETF during the third quarter valued at $179,000.

iShares MSCI ACWI Low Carbon Target ETF Company Profile

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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.

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