iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Stock Price Down 0.8% – Here’s What Happened

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s stock price were down 0.8% on Tuesday . The stock traded as low as $252.26 and last traded at $252.30. Approximately 4,621 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 9,339 shares. The stock had previously closed at $254.38.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The company has a market cap of $1.14 billion, a PE ratio of -2,293.64 and a beta of 0.93. The firm’s 50 day moving average is $250.99 and its 200-day moving average is $239.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRBN. Comerica Bank increased its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 7.0% during the third quarter. Comerica Bank now owns 994 shares of the company’s stock worth $226,000 after acquiring an additional 65 shares during the period. Westmount Partners LLC boosted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 3.5% in the fourth quarter. Westmount Partners LLC now owns 4,208 shares of the company’s stock valued at $970,000 after purchasing an additional 142 shares during the period. Financial Futures Ltd Liability Co. boosted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 12.2% in the fourth quarter. Financial Futures Ltd Liability Co. now owns 1,313 shares of the company’s stock valued at $303,000 after purchasing an additional 143 shares during the period. Focus Partners Wealth grew its stake in 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 purchasing an additional 147 shares in the last quarter. Finally, Resources Management Corp CT ADV purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter worth about $34,000.

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.