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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Friday . 8,913 shares traded hands during trading, a decline of 8% from the previous session’s volume of 9,679 shares.The stock last traded at $229.28 and had previously closed at $227.87.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The stock has a market cap of $1.04 billion, a P/E ratio of -2,081.64 and a beta of 0.94. The stock has a 50-day moving average price of $220.44 and a 200-day moving average price of $206.88.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

A number of large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 1,154.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,245 shares of the company’s stock valued at $475,000 after acquiring an additional 2,066 shares during the last quarter. EP Wealth Advisors LLC lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 70.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 1,374 shares of the company’s stock worth $291,000 after buying an additional 569 shares during the last quarter. Ameriprise Financial Inc. lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 1.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,142 shares of the company’s stock worth $5,326,000 after buying an additional 304 shares during the last quarter. Jane Street Group LLC lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 114.7% in the 2nd quarter. Jane Street Group LLC now owns 15,818 shares of the company’s stock worth $3,351,000 after buying an additional 8,451 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 24.8% in the 2nd quarter. Raymond James Financial Inc. now owns 4,290 shares of the company’s stock worth $909,000 after buying an additional 852 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.