iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Hits New 52-Week High – Here’s What Happened

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $198.30 and last traded at $198.30, with a volume of 18360 shares changing hands. The stock had previously closed at $195.38.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The stock’s 50-day moving average price is $193.36 and its 200 day moving average price is $186.40. The firm has a market cap of $1.03 billion, a P/E ratio of 20.64 and a beta of 0.95.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Paladin Wealth LLC acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at approximately $31,000. GPS Wealth Strategies Group LLC acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF in the second quarter valued at $61,000. Brown Financial Advisors bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 2nd quarter valued at about $74,000. Eagle Bay Advisors LLC bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 1st quarter valued at about $86,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 1st quarter worth about $233,000.

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.