iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Unusually-High Trading Volume – Should You Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares saw unusually-high trading volume on Thursday . Approximately 8,590 shares traded hands during mid-day trading, an increase of 13% from the previous session’s volume of 7,592 shares.The stock last traded at $199.44 and had previously closed at $198.83.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The stock has a market cap of $1.04 billion, a PE ratio of 20.64 and a beta of 0.95. The firm’s 50-day moving average is $197.54 and its 200 day moving average is $193.01.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at approximately $3,654,000. Bank of Montreal Can lifted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 2,271.0% in the second quarter. Bank of Montreal Can now owns 14,629 shares of the company’s stock valued at $2,686,000 after acquiring an additional 14,012 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the third quarter valued at $2,392,000. JPMorgan Chase & Co. increased its position in iShares MSCI ACWI Low Carbon Target ETF by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,218 shares of the company’s stock worth $14,164,000 after purchasing an additional 8,249 shares in the last quarter. Finally, Flow Traders U.S. LLC raised its stake in iShares MSCI ACWI Low Carbon Target ETF by 81.9% in the 3rd quarter. Flow Traders U.S. LLC now owns 14,499 shares of the company’s stock valued at $2,844,000 after purchasing an additional 6,528 shares during 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.