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

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares saw an uptick in trading volume on Wednesday . 15,225 shares traded hands during mid-day trading, an increase of 85% from the previous session’s volume of 8,219 shares.The stock last traded at $184.85 and had previously closed at $187.09.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The company has a fifty day simple moving average of $183.99 and a 200 day simple moving average of $177.07. The stock has a market capitalization of $958.72 million, a price-to-earnings ratio of 20.64 and a beta of 0.95.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

A number of institutional investors have recently bought and sold shares of the company. Sunpointe LLC acquired a new position in iShares MSCI ACWI Low Carbon Target ETF in the second quarter valued at approximately $1,998,000. Gradient Investments LLC lifted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 1.1% during the 2nd quarter. Gradient Investments LLC now owns 9,671 shares of the company’s stock valued at $1,772,000 after acquiring an additional 104 shares during the period. GPS Wealth Strategies Group LLC acquired a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 2nd quarter valued at $61,000. Aspiriant LLC boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 9.0% during the second quarter. Aspiriant LLC now owns 106,907 shares of the company’s stock worth $19,593,000 after acquiring an additional 8,798 shares in the last quarter. Finally, Cardinal Point Capital Management ULC increased its stake in iShares MSCI ACWI Low Carbon Target ETF by 5.1% in the second quarter. Cardinal Point Capital Management ULC now owns 6,635 shares of the company’s stock valued at $1,216,000 after purchasing an additional 320 shares in the last quarter.

iShares MSCI ACWI Low Carbon Target ETF Company Profile

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.