iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Unusually-High Trading Volume – Still a Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares saw an uptick in trading volume on Thursday . 8,590 shares traded hands during trading, an increase of 13% from the previous session’s volume of 7,592 shares.The stock last traded at $199.44 and had previously closed at $198.83.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 20.64 and a beta of 0.95. The firm has a fifty day simple moving average of $197.59 and a 200 day simple moving average of $193.06.

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

Large investors have recently bought and sold shares of the company. FMR LLC raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 10.5% in the third quarter. FMR LLC now owns 1,833 shares of the company’s stock valued at $360,000 after buying an additional 174 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MSCI ACWI Low Carbon Target ETF by 12.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,218 shares of the company’s stock valued at $14,164,000 after acquiring an additional 8,249 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 22.9% in the 3rd quarter. EP Wealth Advisors LLC now owns 805 shares of the company’s stock worth $158,000 after purchasing an additional 150 shares in the last quarter. Brown Financial Advisors acquired a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 2nd quarter worth approximately $74,000. Finally, Nottingham Advisors Inc. boosted its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 8.3% during the 3rd quarter. Nottingham Advisors Inc. now owns 1,525 shares of the company’s stock worth $299,000 after purchasing an additional 117 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.