iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Reaches New 12-Month High – Should You Buy?

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) reached a new 52-week high on Tuesday . The company traded as high as $253.96 and last traded at $253.96, with a volume of 1275 shares traded. The stock had previously closed at $251.32.

iShares MSCI ACWI Low Carbon Target ETF Stock Up 0.7%

The company has a 50 day moving average of $237.11 and a 200-day moving average of $234.44. The stock has a market capitalization of $1.12 billion, a P/E ratio of -2,306.18 and a beta of 0.93.

Institutional Investors Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Hedge funds have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV bought a new stake in iShares MSCI ACWI Low Carbon Target ETF in the third quarter valued at $34,000. Assetmark Inc. bought a new stake in iShares MSCI ACWI Low Carbon Target ETF in the fourth quarter valued at $38,000. Bessemer Group Inc. bought a new stake in iShares MSCI ACWI Low Carbon Target ETF in the third quarter valued at $62,000. Western Wealth Management LLC bought a new stake in iShares MSCI ACWI Low Carbon Target ETF in the first quarter valued at $102,000. Finally, Harbour Investments Inc. lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 1,907.4% in the fourth quarter. Harbour Investments Inc. now owns 542 shares of the company’s stock valued at $125,000 after buying an additional 515 shares during the last quarter.

About iShares MSCI ACWI Low Carbon Target ETF

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.