iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Strong Trading Volume – What’s Next?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Thursday . 7,000 shares changed hands during trading, a decline of 18% from the previous session’s volume of 8,511 shares.The stock last traded at $198.69 and had previously closed at $199.75.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The stock has a 50 day moving average price of $198.19 and a 200 day moving average price of $195.99. The company has a market capitalization of $982.92 million, a P/E ratio of 21.26 and a beta of 0.95.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

Hedge funds have recently added to or reduced their stakes in the stock. BSW Wealth Partners lifted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 3.0% during the third quarter. BSW Wealth Partners now owns 23,248 shares of the company’s stock valued at $4,560,000 after purchasing an additional 688 shares during the last quarter. Bond & Devick Financial Network Inc. lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 5.6% during the 3rd quarter. Bond & Devick Financial Network Inc. now owns 4,987 shares of the company’s stock valued at $978,000 after buying an additional 264 shares in the last quarter. FMR LLC boosted 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 buying an additional 174 shares during the period. Flow Traders U.S. LLC grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 81.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,499 shares of the company’s stock valued at $2,844,000 after buying an additional 6,528 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 10.2% in the 3rd quarter. HighTower Advisors LLC now owns 4,826 shares of the company’s stock valued at $947,000 after buying an additional 445 shares in 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.