Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 6,921 shares traded hands during trading, a decline of 24% from the previous session’s volume of 9,079 shares.The stock last traded at $256.15 and had previously closed at $251.76.
iShares MSCI ACWI Low Carbon Target ETF Stock Performance
The company has a 50-day simple moving average of $252.02 and a 200-day simple moving average of $241.95. The stock has a market cap of $1.17 billion, a P/E ratio of -2,341.55 and a beta of 0.93.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Gradient Investments LLC lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 4.0% during the 2nd quarter. Gradient Investments LLC now owns 8,150 shares of the company’s stock worth $2,062,000 after buying an additional 316 shares in the last quarter. Howard Financial Services LTD. acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 2nd quarter valued at about $204,000. Western Wealth Management LLC acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 1st quarter valued at about $102,000. Bank of America Corp DE increased its position in iShares MSCI ACWI Low Carbon Target ETF by 0.5% in the 1st quarter. Bank of America Corp DE now owns 106,335 shares of the company’s stock valued at $23,692,000 after acquiring an additional 545 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 40.6% in the first quarter. Royal Bank of Canada now owns 29,627 shares of the company’s stock worth $6,602,000 after acquiring an additional 8,557 shares during the last quarter.
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.
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