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

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) reached a new 52-week high during trading on Wednesday . The stock traded as high as $251.48 and last traded at $251.39, with a volume of 3881 shares trading hands. The stock had previously closed at $249.70.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -2,285.36 and a beta of 0.93. The firm has a 50 day moving average price of $233.80 and a 200-day moving average price of $233.22.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 6.8% during the 1st quarter. Royal Bank of Canada now owns 12,177 shares of the company’s stock worth $2,327,000 after buying an additional 770 shares during the period. Jones Financial Companies Lllp lifted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 143.4% in the first quarter. Jones Financial Companies Lllp now owns 4,213 shares of the company’s stock valued at $805,000 after buying an additional 2,482 shares during the period. Goldman Sachs Group Inc. boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 12,351 shares of the company’s stock valued at $2,361,000 after acquiring an additional 1,860 shares during the last quarter. Focus Partners Wealth grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 3.1% during the 1st quarter. Focus Partners Wealth now owns 4,879 shares of the company’s stock worth $933,000 after acquiring an additional 147 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 24.8% during the 2nd quarter. Raymond James Financial Inc. now owns 4,290 shares of the company’s stock valued at $909,000 after acquiring an additional 852 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.