iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sets New 1-Year High – Should You Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $258.92 and last traded at $258.88, with a volume of 10971 shares trading hands. The stock had previously closed at $254.58.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The firm has a market cap of $1.18 billion, a P/E ratio of -2,353.45 and a beta of 0.93. The stock’s 50 day moving average is $252.11 and its two-hundred day moving average is $242.12.

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

Several large investors have recently modified their holdings of CRBN. Allianz SE raised its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 6.3% in the 4th quarter. Allianz SE now owns 109,015 shares of the company’s stock worth $25,131,000 after buying an additional 6,500 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 0.5% in the 1st quarter. Bank of America Corp DE now owns 106,335 shares of the company’s stock valued at $23,692,000 after buying an additional 545 shares in the last quarter. Investure LLC grew its position in iShares MSCI ACWI Low Carbon Target ETF by 1.5% in the fourth quarter. Investure LLC now owns 104,151 shares of the company’s stock valued at $24,010,000 after acquiring an additional 1,490 shares during the period. Wells Fargo & Company MN grew its position in iShares MSCI ACWI Low Carbon Target ETF by 8.9% in the fourth quarter. Wells Fargo & Company MN now owns 48,123 shares of the company’s stock valued at $11,094,000 after acquiring an additional 3,945 shares during the period. Finally, BSW Wealth Partners raised its stake in iShares MSCI ACWI Low Carbon Target ETF by 31.3% during the fourth quarter. BSW Wealth Partners now owns 39,542 shares of the company’s stock worth $9,116,000 after acquiring an additional 9,423 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.