iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Unusually-High Trading Volume – Here’s What Happened

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw an uptick in trading volume on Tuesday . 69,068 shares changed hands during trading, an increase of 740% from the previous session’s volume of 8,221 shares.The stock last traded at $196.19 and had previously closed at $196.01.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The stock has a fifty day simple moving average of $192.95 and a 200-day simple moving average of $185.59. The company has a market capitalization of $1.02 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

Several large investors have recently made changes to their positions in CRBN. PNC Financial Services Group Inc. grew its position in iShares MSCI ACWI Low Carbon Target ETF by 30.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 303 shares of the company’s stock valued at $50,000 after buying an additional 71 shares during the period. Gould Asset Management LLC CA raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 10.3% in the first quarter. Gould Asset Management LLC CA now owns 11,385 shares of the company’s stock worth $2,044,000 after acquiring an additional 1,065 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 1st quarter worth about $86,000. Truepoint Inc. acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 1st quarter valued at about $379,000. Finally, Cetera Investment Advisers purchased a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 1st quarter valued at about $4,629,000.

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.