Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN – Get Free Report) saw unusually-high trading volume on Tuesday . 6,921 shares changed hands during mid-day trading, a decline of 24% from the previous session’s volume of 9,079 shares.The stock last traded at $256.15 and had previously closed at $251.76.
iShares MSCI ACWI Low Carbon Target ETF Stock Performance
The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2,352.09 and a beta of 0.93. The business’s 50 day simple moving average is $252.20 and its 200-day simple moving average is $242.28.
Hedge Funds Weigh In On iShares MSCI ACWI Low Carbon Target ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gradient Investments LLC increased its position in iShares MSCI ACWI Low Carbon Target ETF by 4.0% in the 2nd quarter. Gradient Investments LLC now owns 8,150 shares of the company’s stock valued at $2,062,000 after acquiring an additional 316 shares during the period. Howard Financial Services LTD. acquired a new position in iShares MSCI ACWI Low Carbon Target ETF during the 2nd quarter worth $204,000. Western Wealth Management LLC bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the first quarter worth $102,000. Bank of America Corp DE grew its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.5% in the first quarter. Bank of America Corp DE now owns 106,335 shares of the company’s stock worth $23,692,000 after purchasing an additional 545 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 40.6% during the first quarter. Royal Bank of Canada now owns 29,627 shares of the company’s stock valued at $6,602,000 after purchasing an additional 8,557 shares during the period.
iShares MSCI ACWI Low Carbon Target ETF Company Profile
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.
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