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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw an uptick in trading volume on Monday . 5,573 shares were traded during 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 Price Performance

The firm has a 50-day moving average of $197.94 and a 200 day moving average of $192.25. The company has a market capitalization of $1.01 billion, a PE ratio of 20.64 and a beta of 0.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its position in iShares MSCI ACWI Low Carbon Target ETF by 10.5% in the third quarter. FMR LLC now owns 1,833 shares of the company’s stock worth $360,000 after acquiring an additional 174 shares during the period. EP Wealth Advisors LLC grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 22.9% during the third quarter. EP Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $158,000 after purchasing an additional 150 shares during the period. AlTi Global Inc. increased its position in 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 in the last quarter. Commonwealth Equity Services LLC increased its position in iShares MSCI ACWI Low Carbon Target ETF by 11.1% in the second quarter. Commonwealth Equity Services LLC now owns 5,196 shares of the company’s stock worth $952,000 after buying an additional 518 shares in the last quarter. Finally, Brown Financial Advisors purchased a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 2nd quarter valued at about $74,000.

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.