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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-high trading volume on Monday . Approximately 5,573 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 6,000 shares.The stock last traded at $197.48 and had previously closed at $195.39.

iShares MSCI ACWI Low Carbon Target ETF Trading Up 0.8 %

The stock has a market cap of $1.02 billion, a PE ratio of 20.64 and a beta of 0.95. The firm has a fifty day simple moving average of $197.97 and a two-hundred day simple moving average of $192.08.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Paladin Wealth LLC bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at about $31,000. Brown Financial Advisors bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the second quarter worth approximately $74,000. EP Wealth Advisors LLC increased its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 22.9% in the third quarter. EP Wealth Advisors LLC now owns 805 shares of the company’s stock worth $158,000 after buying an additional 150 shares during the period. Nottingham Advisors Inc. boosted its position in iShares MSCI ACWI Low Carbon Target ETF by 8.3% during the 3rd 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 grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 10.5% in the 3rd quarter. FMR LLC now owns 1,833 shares of the company’s stock worth $360,000 after acquiring an additional 174 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.