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

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) reached a new 52-week high on Wednesday . The company traded as high as $240.66 and last traded at $240.58, with a volume of 2328 shares changing hands. The stock had previously closed at $238.34.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The firm has a 50-day moving average of $235.58 and a 200-day moving average of $229.51. The firm has a market capitalization of $1.04 billion, a P/E ratio of -2,166.36 and a beta of 0.94.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Financial Futures Ltd Liability Co. grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 3.8% in the 3rd quarter. Financial Futures Ltd Liability Co. now owns 1,170 shares of the company’s stock worth $266,000 after acquiring an additional 43 shares during the last quarter. Transcend Capital Advisors LLC boosted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 3.6% during 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. Comerica Bank grew its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 7.0% in the third quarter. Comerica Bank now owns 994 shares of the company’s stock worth $226,000 after purchasing an additional 65 shares during the last quarter. Albion Financial Group UT increased its holdings in iShares MSCI ACWI Low Carbon Target ETF by 1.0% during the 3rd quarter. Albion Financial Group UT now owns 7,949 shares of the company’s stock valued at $1,803,000 after purchasing an additional 79 shares during the period. Finally, Creative Planning raised its position in iShares MSCI ACWI Low Carbon Target ETF by 1.3% during the 2nd quarter. Creative Planning now owns 8,471 shares of the company’s stock valued at $1,794,000 after purchasing an additional 108 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.