iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Unusually-High Trading Volume – Still a Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-high trading volume on Monday . Approximately 5,573 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 6,000 shares.The stock last traded at $197.48 and had previously closed at $195.39.

iShares MSCI ACWI Low Carbon Target ETF Trading Up 0.8 %

The business’s 50 day moving average price is $197.97 and its two-hundred day moving average price is $192.08. The stock has a market cap of $1.02 billion, a P/E ratio of 20.64 and a beta of 0.95.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Paladin Wealth LLC bought a new position in iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter valued at approximately $31,000. Brown Financial Advisors bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the second quarter valued at $74,000. EP Wealth Advisors LLC raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 22.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 805 shares of the company’s stock worth $158,000 after purchasing an additional 150 shares during the last quarter. Nottingham Advisors Inc. boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 8.3% in the 3rd quarter. Nottingham Advisors Inc. now owns 1,525 shares of the company’s stock worth $299,000 after purchasing an additional 117 shares in the last quarter. Finally, FMR LLC boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 10.5% in the 3rd quarter. FMR LLC now owns 1,833 shares of the company’s stock worth $360,000 after purchasing an additional 174 shares in 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.