iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Strong Trading Volume – What’s Next?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares saw strong trading volume on Thursday . 7,116 shares were traded during trading, a decline of 12% from the previous session’s volume of 8,045 shares.The stock last traded at $187.14 and had previously closed at $192.60.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The business has a fifty day moving average of $196.68 and a 200-day moving average of $196.72. The company has a market capitalization of $863.33 million, a P/E ratio of 19.88 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Focus Partners Wealth lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 4.2% in the 4th quarter. Focus Partners Wealth now owns 4,732 shares of the company’s stock valued at $916,000 after acquiring an additional 189 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 113.5% in the fourth quarter. Citadel Advisors LLC now owns 17,191 shares of the company’s stock valued at $3,328,000 after purchasing an additional 9,138 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 5.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,246 shares of the company’s stock valued at $1,984,000 after purchasing an additional 563 shares in the last quarter. Investure LLC grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 1.2% during the fourth quarter. Investure LLC now owns 101,821 shares of the company’s stock worth $19,712,000 after buying an additional 1,171 shares in the last quarter. Finally, Kraft Davis & Associates LLC bought a new position in iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter valued at $212,000.

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.