iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Strong Trading Volume – Should You Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares saw strong trading volume on Thursday . 8,590 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 7,592 shares.The stock last traded at $199.44 and had previously closed at $198.83.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The business has a 50 day simple moving average of $197.54 and a 200 day simple moving average of $193.01. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 20.64 and a beta of 0.95.

Hedge Funds Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Large investors have recently bought and sold shares of the business. Albion Financial Group UT boosted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.8% in the 4th quarter. Albion Financial Group UT now owns 7,825 shares of the company’s stock valued at $1,515,000 after buying an additional 63 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.3% during the second quarter. Cetera Investment Advisers now owns 25,863 shares of the company’s stock worth $4,740,000 after purchasing an additional 73 shares during the last quarter. Patten Group Inc. grew its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.3% during the third quarter. Patten Group Inc. now owns 2,476 shares of the company’s stock worth $486,000 after purchasing an additional 78 shares during the last quarter. Westmount Partners LLC increased its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.0% during the fourth quarter. Westmount Partners LLC now owns 3,816 shares of the company’s stock worth $739,000 after purchasing an additional 110 shares in the last quarter. Finally, Nottingham Advisors Inc. lifted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 8.3% in the 3rd quarter. Nottingham Advisors Inc. now owns 1,525 shares of the company’s stock valued at $299,000 after purchasing an additional 117 shares during 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.