iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase – Should You Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw an uptick in trading volume on Thursday . 7,116 shares were traded during mid-day trading, a decline of 12% from the previous session’s volume of 8,045 shares.The stock last traded at $187.14 and had previously closed at $192.60.

iShares MSCI ACWI Low Carbon Target ETF Stock Down 3.2 %

The stock has a market capitalization of $922.59 million, a PE ratio of 20.21 and a beta of 0.95. The business’s 50-day moving average is $197.49 and its two-hundred day moving average is $196.91.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

A number of large investors have recently made changes to their positions in the company. Allianz SE purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF in the fourth quarter valued at approximately $20,032,000. Coldstream Capital Management Inc. purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at $3,654,000. Wealthfront Advisers LLC boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 146.3% during the 4th quarter. Wealthfront Advisers LLC now owns 30,192 shares of the company’s stock worth $5,845,000 after purchasing an additional 17,934 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter worth $2,392,000. Finally, Citadel Advisors LLC grew its position in iShares MSCI ACWI Low Carbon Target ETF by 113.5% during the 4th quarter. Citadel Advisors LLC now owns 17,191 shares of the company’s stock worth $3,328,000 after purchasing an additional 9,138 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.