iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw an uptick in trading volume on Tuesday . 18,665 shares traded hands during mid-day trading, an increase of 129% from the previous session’s volume of 8,146 shares.The stock last traded at $194.35 and had previously closed at $196.13.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The business has a 50 day moving average price of $187.55 and a 200-day moving average price of $182.89. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.64 and a beta of 0.95.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers bought a new stake in iShares MSCI ACWI Low Carbon Target ETF in the first quarter valued at $4,629,000. Bank of Montreal Can boosted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 2,271.0% in the second quarter. Bank of Montreal Can now owns 14,629 shares of the company’s stock worth $2,686,000 after acquiring an additional 14,012 shares in the last quarter. Aspiriant LLC grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 13.0% in the first quarter. Aspiriant LLC now owns 98,109 shares of the company’s stock valued at $17,610,000 after acquiring an additional 11,277 shares during the period. Sunpointe LLC bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the second quarter valued at approximately $1,998,000. Finally, Stonehearth Capital Management LLC raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 25.0% during the second quarter. Stonehearth Capital Management LLC now owns 17,914 shares of the company’s stock worth $3,283,000 after purchasing an additional 3,578 shares during the period.

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.