iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sets New 52-Week High – Time to Buy?

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) reached a new 52-week high on Wednesday . The stock traded as high as $258.92 and last traded at $258.88, with a volume of 10971 shares trading hands. The stock had previously closed at $254.58.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The firm’s 50-day moving average is $252.26 and its 200 day moving average is $242.44. The stock has a market cap of $1.17 billion, a PE ratio of -2,345.73 and a beta of 0.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BSW Wealth Partners boosted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 31.3% in the fourth quarter. BSW Wealth Partners now owns 39,542 shares of the company’s stock valued at $9,116,000 after acquiring an additional 9,423 shares in the last quarter. Van Hulzen Asset Management LLC raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 39.7% during the fourth quarter. Van Hulzen Asset Management LLC now owns 11,757 shares of the company’s stock worth $2,710,000 after purchasing an additional 3,343 shares in the last quarter. Allianz SE lifted its position in iShares MSCI ACWI Low Carbon Target ETF by 6.3% in the fourth quarter. Allianz SE now owns 109,015 shares of the company’s stock valued at $25,131,000 after purchasing an additional 6,500 shares during the period. Midwest Financial Partners Investments Inc. purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 4th quarter valued at approximately $2,533,000. Finally, Financial Futures Ltd Liability Co. increased its position in iShares MSCI ACWI Low Carbon Target ETF by 12.2% during the 4th quarter. Financial Futures Ltd Liability Co. now owns 1,313 shares of the company’s stock worth $303,000 after purchasing an additional 143 shares during the period.

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.