iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sets New 12-Month High – Time to Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $251.48 and last traded at $251.39, with a volume of 3881 shares. The stock had previously closed at $249.70.

iShares MSCI ACWI Low Carbon Target ETF Stock Up 0.7%

The company has a market cap of $1.11 billion, a P/E ratio of -2,285.36 and a beta of 0.93. The firm has a fifty day moving average price of $233.80 and a 200 day moving average price of $233.22.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aspiriant LLC lifted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 1.7% during 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 holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 6.3% in the fourth quarter. Allianz SE now owns 109,015 shares of the company’s stock valued at $25,131,000 after purchasing an additional 6,500 shares in the last quarter. Investure LLC increased its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 1.5% in the fourth quarter. Investure LLC now owns 104,151 shares of the company’s stock valued at $24,010,000 after purchasing an additional 1,490 shares in the last quarter. Wells Fargo & Company MN raised its position in iShares MSCI ACWI Low Carbon Target ETF by 8.9% in the 4th quarter. Wells Fargo & Company MN now owns 48,123 shares of the company’s stock worth $11,094,000 after purchasing an additional 3,945 shares during the last quarter. Finally, BSW Wealth Partners raised its position in iShares MSCI ACWI Low Carbon Target ETF by 31.3% in the 4th 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 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.