iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Trading Down 0.8% – Here’s What Happened

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s share price traded down 0.8% during trading on Tuesday . The company traded as low as $252.26 and last traded at $252.30. Approximately 4,621 shares changed hands during trading, a decline of 51% from the average daily volume of 9,339 shares. The stock had previously closed at $254.38.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

The stock’s 50 day moving average is $250.99 and its two-hundred day moving average is $239.49. The stock has a market capitalization of $1.14 billion, a PE ratio of -2,293.64 and a beta of 0.93.

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

Large investors have recently modified their holdings of the company. Resources Management Corp CT ADV purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter worth $34,000. Assetmark Inc. purchased a new position in iShares MSCI ACWI Low Carbon Target ETF in the fourth quarter valued at $38,000. Western Wealth Management LLC acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF in the first quarter valued at $102,000. Harbour Investments Inc. raised its stake in iShares MSCI ACWI Low Carbon Target ETF by 1,907.4% in the fourth quarter. Harbour Investments Inc. now owns 542 shares of the company’s stock valued at $125,000 after buying an additional 515 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF during the 3rd quarter worth about $179,000.

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.