iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Hits New 1-Year High – Should You Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares reached a new 52-week high on Wednesday . The company traded as high as $260.50 and last traded at $260.50, with a volume of 553 shares changing hands. The stock had previously closed at $258.73.

iShares MSCI ACWI Low Carbon Target ETF Trading Up 0.6%

The stock’s 50-day moving average is $252.40 and its 200-day moving average is $242.98. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -2,366.55 and a beta of 0.93.

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

Hedge funds have recently modified their holdings of the company. Citadel Advisors LLC grew its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 418.3% in the third quarter. Citadel Advisors LLC now owns 24,819 shares of the company’s stock worth $5,631,000 after purchasing an additional 20,030 shares during the last quarter. Midwest Financial Partners Investments Inc. bought a new position in iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter worth $2,533,000. Royal Bank of Canada raised its position in iShares MSCI ACWI Low Carbon Target ETF by 85.4% during the 4th quarter. Royal Bank of Canada now owns 21,070 shares of the company’s stock worth $4,857,000 after purchasing an additional 9,706 shares during the last quarter. BSW Wealth Partners lifted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 31.3% during the 4th quarter. BSW Wealth Partners now owns 39,542 shares of the company’s stock worth $9,116,000 after buying an additional 9,423 shares during the period. Finally, Jane Street Group LLC lifted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 114.7% during the 2nd quarter. Jane Street Group LLC now owns 15,818 shares of the company’s stock worth $3,351,000 after buying an additional 8,451 shares during the period.

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.