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

Posted by Alanna Baker on Mar 28th, 2024

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN – Get Free Report) saw strong trading volume on Thursday . 44,323 shares traded hands during trading, an increase of 381% from the previous session’s volume of 9,212 shares.The stock last traded at $179.28 and had previously closed at $179.35.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The company has a market capitalization of $996.17 million, a P/E ratio of 15.43 and a beta of 0.94. The firm has a fifty day moving average price of $172.85 and a 200-day moving average price of $162.28.

Hedge Funds Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates lifted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 2.1% during the first quarter. Raymond James & Associates now owns 3,567 shares of the company’s stock worth $582,000 after acquiring an additional 75 shares in the last quarter. Private Advisor Group LLC lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 1.6% during the first quarter. Private Advisor Group LLC now owns 4,440 shares of the company’s stock worth $725,000 after purchasing an additional 72 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 26.9% in the first quarter. Bank of Montreal Can now owns 1,005 shares of the company’s stock worth $167,000 after buying an additional 213 shares during the period. BlackRock Inc. increased its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 6.5% in the first quarter. BlackRock Inc. now owns 2,038 shares of the company’s stock worth $333,000 after buying an additional 125 shares during the period. Finally, Flow Traders U.S. LLC purchased a new position in iShares MSCI ACWI Low Carbon Target ETF during the 1st quarter valued at about $60,983,000.

iShares MSCI ACWI Low Carbon Target ETF Company Profile

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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.