iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase – Here’s What Happened

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Tuesday . 7,736 shares were traded during mid-day trading, a decline of 16% from the previous session’s volume of 9,156 shares.The stock last traded at $249.65 and had previously closed at $250.82.

iShares MSCI ACWI Low Carbon Target ETF Trading Down 0.5%

The company’s fifty day simple moving average is $233.57 and its 200 day simple moving average is $233.07. The firm has a market capitalization of $1.10 billion, a P/E ratio of -2,267.45 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CRBN. Aspiriant LLC raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 1.7% in the fourth quarter. Aspiriant LLC now owns 116,572 shares of the company’s stock worth $26,873,000 after purchasing an additional 1,908 shares in the last quarter. Allianz SE increased its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 6.3% in the 4th quarter. Allianz SE now owns 109,015 shares of the company’s stock worth $25,131,000 after acquiring an additional 6,500 shares in the last quarter. Investure LLC lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 1.5% during the 4th quarter. Investure LLC now owns 104,151 shares of the company’s stock valued at $24,010,000 after acquiring an additional 1,490 shares during the period. Wells Fargo & Company MN boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 8.9% during the fourth quarter. Wells Fargo & Company MN now owns 48,123 shares of the company’s stock worth $11,094,000 after acquiring an additional 3,945 shares in the last quarter. Finally, BSW Wealth Partners grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 31.3% in the fourth quarter. BSW Wealth Partners now owns 39,542 shares of the company’s stock worth $9,116,000 after purchasing an additional 9,423 shares during the period.

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.