iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Reaches New 1-Year High – Time to Buy?

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

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The company has a market capitalization of $1.09 billion, a PE ratio of -2,259.36 and a beta of 0.93. The firm’s fifty day simple moving average is $234.75 and its 200 day simple moving average is $233.64.

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

Several hedge funds have recently modified their holdings of CRBN. Rossmore Private Capital purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter worth about $27,000. Resources Management Corp CT ADV purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter worth about $34,000. Assetmark Inc. purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter worth about $38,000. Bessemer Group Inc. purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter worth about $62,000. Finally, Harbour Investments Inc. boosted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 1,907.4% during the 4th quarter. Harbour Investments Inc. now owns 542 shares of the company’s stock worth $125,000 after acquiring an additional 515 shares in 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.