iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sets New 52-Week High – Here’s What Happened

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) reached a new 52-week high on Tuesday . The company traded as high as $229.91 and last traded at $229.71, with a volume of 5405 shares changing hands. The stock had previously closed at $228.98.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The company’s 50-day moving average price is $220.72 and its 200 day moving average price is $207.22. The stock has a market cap of $1.05 billion, a PE ratio of -2,088.27 and a beta of 0.94.

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 stock. Transcend Capital Advisors LLC boosted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.6% in the second quarter. Transcend Capital Advisors LLC now owns 1,627 shares of the company’s stock worth $345,000 after purchasing an additional 57 shares during the period. BSW Wealth Partners raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.3% during the 1st quarter. BSW Wealth Partners now owns 24,877 shares of the company’s stock valued at $4,756,000 after purchasing an additional 67 shares during the period. Wealthfront Advisers LLC lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.6% during the 1st quarter. Wealthfront Advisers LLC now owns 12,887 shares of the company’s stock valued at $2,464,000 after buying an additional 73 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 23.7% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 459 shares of the company’s stock worth $88,000 after buying an additional 88 shares during the period. Finally, Creative Planning boosted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 1.3% in the 2nd quarter. Creative Planning now owns 8,471 shares of the company’s stock worth $1,794,000 after buying an additional 108 shares during the period.

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.