iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Strong Trading Volume – Should You Buy?

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Monday . 8,591 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 8,030 shares.The stock last traded at $194.62 and had previously closed at $194.57.

iShares MSCI ACWI Low Carbon Target ETF Trading Up 0.8 %

The firm has a 50-day moving average of $198.06 and a 200 day moving average of $191.27. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 20.64 and a beta of 0.95.

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

Hedge funds have recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.3% during the 2nd quarter. Cetera Investment Advisers now owns 25,863 shares of the company’s stock worth $4,740,000 after acquiring an additional 73 shares in the last quarter. BSW Wealth Partners lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 3.0% during the third quarter. BSW Wealth Partners now owns 23,248 shares of the company’s stock valued at $4,560,000 after buying an additional 688 shares in the last quarter. AlTi Global Inc. boosted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 2.5% in the second quarter. AlTi Global Inc. now owns 19,847 shares of the company’s stock worth $3,637,000 after buying an additional 493 shares during the period. Coldstream Capital Management Inc. acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the third quarter valued at approximately $3,654,000. Finally, Bank of Montreal Can lifted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 2,271.0% in the 2nd quarter. Bank of Montreal Can now owns 14,629 shares of the company’s stock valued at $2,686,000 after acquiring an additional 14,012 shares in the last quarter.

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.