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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) hit a new 52-week high during trading on Wednesday . The stock traded as high as $260.50 and last traded at $260.50, with a volume of 553 shares changing hands. The stock had previously closed at $258.73.

iShares MSCI ACWI Low Carbon Target ETF Trading Up 0.6%

The business’s 50-day simple moving average is $252.40 and its two-hundred day simple moving average is $242.98. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of -2,366.55 and a beta of 0.93.

Institutional Investors Weigh In On iShares MSCI ACWI Low Carbon Target ETF

Large investors have recently modified their holdings of the company. Citadel Advisors LLC raised its stake in iShares MSCI ACWI Low Carbon Target ETF by 418.3% during the third quarter. Citadel Advisors LLC now owns 24,819 shares of the company’s stock worth $5,631,000 after buying an additional 20,030 shares during the last quarter. Midwest Financial Partners Investments Inc. bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 4th quarter worth about $2,533,000. Royal Bank of Canada lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 85.4% in the 4th quarter. Royal Bank of Canada now owns 21,070 shares of the company’s stock valued at $4,857,000 after purchasing an additional 9,706 shares during the period. BSW Wealth Partners boosted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 31.3% during the 4th quarter. BSW Wealth Partners now owns 39,542 shares of the company’s stock valued at $9,116,000 after purchasing an additional 9,423 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 114.7% during the second quarter. Jane Street Group LLC now owns 15,818 shares of the company’s stock worth $3,351,000 after purchasing an additional 8,451 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.