iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase – Here’s What Happened

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-strong trading volume on Monday . Approximately 8,591 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 8,030 shares.The stock last traded at $194.62 and had previously closed at $194.57.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The business has a fifty day simple moving average of $198.06 and a 200 day simple moving average of $191.27. The stock has a market cap of $1.03 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

Institutional investors and hedge funds have recently modified their holdings of the company. Paladin Wealth LLC purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter valued at $31,000. Brown Financial Advisors acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF during the second quarter worth about $74,000. EP Wealth Advisors LLC increased its position in iShares MSCI ACWI Low Carbon Target ETF by 22.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 805 shares of the company’s stock worth $158,000 after purchasing an additional 150 shares in the last quarter. Nottingham Advisors Inc. raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 8.3% in the third quarter. Nottingham Advisors Inc. now owns 1,525 shares of the company’s stock valued at $299,000 after buying an additional 117 shares during the period. Finally, FMR LLC raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 10.5% in the third quarter. FMR LLC now owns 1,833 shares of the company’s stock valued at $360,000 after buying an additional 174 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.