iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Hits New 12-Month High – Here’s Why

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) reached a new 52-week high during trading on Monday . The company traded as high as $197.89 and last traded at $197.89, with a volume of 1053 shares changing hands. The stock had previously closed at $197.00.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The firm’s fifty day simple moving average is $190.38 and its 200 day simple moving average is $184.20. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 20.64 and a beta of 0.95.

Hedge Funds Weigh In On iShares MSCI ACWI Low Carbon Target ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRBN. Paladin Wealth LLC acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter valued at $31,000. PNC Financial Services Group Inc. grew its position in iShares MSCI ACWI Low Carbon Target ETF by 30.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 303 shares of the company’s stock worth $50,000 after acquiring an additional 71 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 2nd quarter worth $61,000. Brown Financial Advisors acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 2nd quarter worth approximately $74,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the first quarter valued at about $86,000.

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.