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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-strong trading volume on Tuesday . Approximately 14,768 shares were traded during trading, an increase of 59% from the previous session’s volume of 9,289 shares.The stock last traded at $230.37 and had previously closed at $231.54.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The company has a market capitalization of $986.14 million, a P/E ratio of -2,081.78 and a beta of 0.94. The company has a fifty day moving average price of $225.72 and a 200 day moving average price of $213.53.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cerity Partners LLC acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF in the first quarter worth approximately $203,000. LPL Financial LLC lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 1.8% in the first quarter. LPL Financial LLC now owns 14,986 shares of the company’s stock worth $2,865,000 after purchasing an additional 268 shares during the period. Belpointe Asset Management LLC lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 21.4% in the first quarter. Belpointe Asset Management LLC now owns 1,702 shares of the company’s stock worth $325,000 after purchasing an additional 300 shares during the period. Howard Financial Services LTD. acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF in the second quarter worth approximately $221,000. Finally, Aspiriant LLC lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 0.3% in the second quarter. Aspiriant LLC now owns 113,526 shares of the company’s stock worth $24,047,000 after purchasing an additional 325 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.