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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw an uptick in trading volume on Friday . 9,392 shares were traded during trading, an increase of 4% from the previous session’s volume of 9,027 shares.The stock last traded at $232.6250 and had previously closed at $232.06.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The company has a market cap of $993.92 million, a P/E ratio of -2,103.32 and a beta of 0.94. The stock has a 50-day simple moving average of $230.14 and a 200 day simple moving average of $222.53.

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

Several institutional investors and hedge funds have recently bought and sold shares of CRBN. Royal Bank of Canada raised its position in iShares MSCI ACWI Low Carbon Target ETF by 6.8% in the first quarter. Royal Bank of Canada now owns 12,177 shares of the company’s stock worth $2,327,000 after purchasing an additional 770 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 143.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,213 shares of the company’s stock worth $805,000 after buying an additional 2,482 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,351 shares of the company’s stock worth $2,361,000 after buying an additional 1,860 shares in the last quarter. Focus Partners Wealth lifted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.1% during the 1st quarter. Focus Partners Wealth now owns 4,879 shares of the company’s stock worth $933,000 after buying an additional 147 shares during the period. Finally, Belpointe Asset Management LLC boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 21.4% in the 1st quarter. Belpointe Asset Management LLC now owns 1,702 shares of the company’s stock valued at $325,000 after buying an additional 300 shares in 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.