iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Strong Trading Volume – Still a Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Thursday . 8,590 shares traded hands during trading, an increase of 13% from the previous session’s volume of 7,592 shares.The stock last traded at $199.44 and had previously closed at $198.83.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 20.64 and a beta of 0.95. The business has a fifty day moving average of $197.59 and a 200 day moving average of $193.06.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Paladin Wealth LLC acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the third quarter valued at $31,000. Brown Financial Advisors acquired a new position in iShares MSCI ACWI Low Carbon Target ETF in the 2nd quarter valued at about $74,000. EP Wealth Advisors LLC grew its position in iShares MSCI ACWI Low Carbon Target ETF by 22.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $158,000 after acquiring an additional 150 shares in the last quarter. Equita Financial Network Inc. purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF during the fourth quarter worth about $230,000. Finally, Nottingham Advisors Inc. lifted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 8.3% during the third quarter. Nottingham Advisors Inc. now owns 1,525 shares of the company’s stock worth $299,000 after purchasing an additional 117 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.