iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Reaches New 52-Week High – Here’s Why

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s stock price hit a new 52-week high on Monday . The company traded as high as $204.74 and last traded at $204.45, with a volume of 7082 shares traded. The stock had previously closed at $203.90.

iShares MSCI ACWI Low Carbon Target ETF Trading Up 0.3%

The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 20.05 and a beta of 0.94. The stock’s 50 day moving average is $190.12 and its two-hundred day moving average is $195.39.

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

A number of large investors have recently bought and sold shares of CRBN. Aspiriant LLC increased its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 7.1% in the 1st quarter. Aspiriant LLC now owns 113,201 shares of the company’s stock valued at $21,642,000 after purchasing an additional 7,503 shares in the last quarter. Allianz SE purchased a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 4th quarter valued at about $20,032,000. Investure LLC increased its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 1.2% in the 4th quarter. Investure LLC now owns 101,821 shares of the company’s stock valued at $19,712,000 after purchasing an additional 1,171 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.8% in the 4th quarter. JPMorgan Chase & Co. now owns 72,802 shares of the company’s stock valued at $14,094,000 after purchasing an additional 584 shares in the last quarter. Finally, Wealthfront Advisers LLC increased its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 146.3% in the 4th quarter. Wealthfront Advisers LLC now owns 30,192 shares of the company’s stock valued at $5,845,000 after purchasing an additional 17,934 shares in 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.