iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Reaches New 52-Week High – Here’s Why

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $234.31 and last traded at $234.2340, with a volume of 3651 shares traded. The stock had previously closed at $232.06.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The stock has a market cap of $1.01 billion, a P/E ratio of -2,126.45 and a beta of 0.94. The company has a fifty day moving average of $230.17 and a 200 day moving average of $222.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Rossmore Private Capital acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter worth $27,000. Resources Management Corp CT ADV acquired a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at $34,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 2nd quarter worth about $58,000. Bessemer Group Inc. bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at $62,000. Finally, Concord Wealth Partners bought a new stake in iShares MSCI ACWI Low Carbon Target ETF during the 2nd quarter worth approximately $85,000.

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.