iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Strong Trading Volume – What’s Next?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares saw an uptick in trading volume on Thursday . 7,116 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 8,045 shares.The stock last traded at $187.14 and had previously closed at $192.60.

iShares MSCI ACWI Low Carbon Target ETF Trading Down 6.0 %

The stock has a market capitalization of $863.33 million, a P/E ratio of 19.88 and a beta of 0.93. The firm’s fifty day moving average is $196.68 and its 200-day moving average is $196.72.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in CRBN. Allianz SE bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the fourth quarter worth $20,032,000. Coldstream Capital Management Inc. bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at about $3,654,000. Wealthfront Advisers LLC raised its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 146.3% during the fourth quarter. Wealthfront Advisers LLC now owns 30,192 shares of the company’s stock worth $5,845,000 after buying an additional 17,934 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in iShares MSCI ACWI Low Carbon Target ETF in the third quarter valued at approximately $2,392,000. Finally, Citadel Advisors LLC raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 113.5% during the 4th quarter. Citadel Advisors LLC now owns 17,191 shares of the company’s stock valued at $3,328,000 after acquiring an additional 9,138 shares during 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.