iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Unusually-High Trading Volume – Here’s What Happened

by · The Markets Daily

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN – Get Free Report) shares saw unusually-strong trading volume on Tuesday. Approximately 17,239 shares changed hands during trading, an increase of 100% from the previous session’s volume of 8,599 shares. The stock last traded at $257.30 and had previously closed at $257.76.

iShares MSCI ACWI Low Carbon Target ETF Stock Down 0.6%

The company has a market cap of $1.17 billion, a P/E ratio of -2,329.27 and a beta of 0.93. The firm’s 50 day moving average is $256.91 and its two-hundred day moving average is $248.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CRBN. Allianz SE increased its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 6.3% in the fourth quarter. Allianz SE now owns 109,015 shares of the company’s stock valued at $25,131,000 after buying an additional 6,500 shares during the period. Bank of America Corp DE lifted 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 acquiring an additional 545 shares during the period. Investure LLC boosted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 1.5% in the fourth quarter. Investure LLC now owns 104,151 shares of the company’s stock valued at $24,010,000 after acquiring an additional 1,490 shares during the last quarter. Royal Bank of Canada boosted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 40.6% in the first quarter. Royal Bank of Canada now owns 29,627 shares of the company’s stock valued at $6,602,000 after acquiring an additional 8,557 shares during the last quarter. Finally, Midwest Financial Partners Investments Inc. increased its position in iShares MSCI ACWI Low Carbon Target ETF by 3.7% during the 1st quarter. Midwest Financial Partners Investments Inc. now owns 11,394 shares of the company’s stock valued at $2,539,000 after purchasing an additional 405 shares during the period.

About iShares MSCI ACWI Low Carbon Target ETF

(Get Free Report)

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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