iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase – Here’s What Happened

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw strong trading volume on Wednesday . 22,883 shares traded hands during trading, an increase of 147% from the previous session’s volume of 9,263 shares.The stock last traded at $254.01 and had previously closed at $252.89.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The company has a market capitalization of $1.13 billion, a PE ratio of -2,290.64 and a beta of 0.93. The company’s fifty day moving average is $252.07 and its 200-day moving average is $240.56.

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

A number of hedge funds have recently made changes to their positions in CRBN. Resources Management Corp CT ADV bought a new position in iShares MSCI ACWI Low Carbon Target ETF in the third quarter worth about $34,000. Assetmark Inc. bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the 4th quarter valued at about $38,000. Western Wealth Management LLC bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the 1st quarter valued at about $102,000. Harbour Investments Inc. grew its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 1,907.4% in the 4th quarter. Harbour Investments Inc. now owns 542 shares of the company’s stock worth $125,000 after buying an additional 515 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter worth approximately $179,000.

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.