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

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares saw an uptick in trading volume on Tuesday . Approximately 6,921 shares traded hands during mid-day trading, a decline of 24% from the previous session’s volume of 9,079 shares.The stock last traded at $256.15 and had previously closed at $251.76.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The firm’s 50-day moving average is $252.02 and its two-hundred day moving average is $241.95. The stock has a market cap of $1.17 billion, a P/E ratio of -2,341.55 and a beta of 0.93.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased 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 during the period. Jones Financial Companies Lllp lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 143.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,213 shares of the company’s stock valued at $805,000 after purchasing an additional 2,482 shares during the period. Goldman Sachs Group Inc. boosted its stake 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 valued at $2,361,000 after purchasing an additional 1,860 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.1% in the 1st quarter. Focus Partners Wealth now owns 4,879 shares of the company’s stock valued at $933,000 after purchasing an additional 147 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 24.8% during the 2nd quarter. Raymond James Financial Inc. now owns 4,290 shares of the company’s stock worth $909,000 after buying an additional 852 shares during the period.

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.