iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sets New 52-Week High – Should You Buy?

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $237.25 and last traded at $237.1930, with a volume of 2029 shares trading hands. The stock had previously closed at $235.59.

iShares MSCI ACWI Low Carbon Target ETF Trading Up 0.7%

The firm has a market capitalization of $1.03 billion, a P/E ratio of -2,155.91 and a beta of 0.94. The firm has a 50 day moving average price of $231.44 and a 200-day moving average price of $225.64.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Rossmore Private Capital purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the third quarter valued at $27,000. Resources Management Corp CT ADV bought a new position in iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter valued at about $34,000. Assetmark Inc. bought a new position in iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter valued at about $38,000. Twin Peaks Wealth Advisors LLC purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 2nd quarter worth about $58,000. Finally, Bessemer Group Inc. purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter worth about $62,000.

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.