iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Hits New 12-Month High – Time to Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $260.50 and last traded at $260.50, with a volume of 553 shares. The stock had previously closed at $258.73.

iShares MSCI ACWI Low Carbon Target ETF Trading Up 0.4%

The firm has a market capitalization of $1.19 billion, a P/E ratio of -2,375.55 and a beta of 0.93. The company has a 50-day moving average of $252.60 and a 200-day moving average of $243.34.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 418.3% during the third quarter. Citadel Advisors LLC now owns 24,819 shares of the company’s stock worth $5,631,000 after purchasing an additional 20,030 shares during the period. Midwest Financial Partners Investments Inc. acquired a new position in iShares MSCI ACWI Low Carbon Target ETF during the fourth quarter worth $2,533,000. Royal Bank of Canada lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 85.4% in the fourth quarter. Royal Bank of Canada now owns 21,070 shares of the company’s stock valued at $4,857,000 after buying an additional 9,706 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 114.7% in the second quarter. Jane Street Group LLC now owns 15,818 shares of the company’s stock valued at $3,351,000 after buying an additional 8,451 shares in the last quarter. Finally, Allianz SE grew its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 6.3% during the fourth quarter. Allianz SE now owns 109,015 shares of the company’s stock valued at $25,131,000 after buying an additional 6,500 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.