iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Strong Trading Volume – Here’s Why

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-strong trading volume on Tuesday . Approximately 36,482 shares changed hands during mid-day trading, an increase of 329% from the previous session’s volume of 8,512 shares.The stock last traded at $257.63 and had previously closed at $259.23.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The stock’s 50 day moving average price is $254.38 and its 200-day moving average price is $245.22. The company has a market cap of $1.17 billion, a PE ratio of -2,334.18 and a beta of 0.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 6.8% in the 1st quarter. Royal Bank of Canada now owns 12,177 shares of the company’s stock valued at $2,327,000 after acquiring an additional 770 shares during the last quarter. Jones Financial Companies Lllp increased its stake in iShares MSCI ACWI Low Carbon Target ETF by 143.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,213 shares of the company’s stock worth $805,000 after purchasing an additional 2,482 shares during the period. Goldman Sachs Group Inc. increased its stake in iShares MSCI ACWI Low Carbon Target ETF by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,351 shares of the company’s stock worth $2,361,000 after purchasing an additional 1,860 shares during the period. Focus Partners Wealth lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 3.1% in the first quarter. Focus Partners Wealth now owns 4,879 shares of the company’s stock valued at $933,000 after purchasing an additional 147 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 24.8% in the second quarter. Raymond James Financial Inc. now owns 4,290 shares of the company’s stock valued at $909,000 after purchasing an additional 852 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.