iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Hits New 12-Month High – Here’s What Happened

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s stock price reached a new 52-week high during trading on Wednesday . The company 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 Price Performance

The stock has a market capitalization of $1.18 billion, a P/E ratio of -2,353.45 and a beta of 0.93. The company’s 50 day simple moving average is $252.11 and its two-hundred day simple moving average is $242.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Gradient Investments LLC grew its position in iShares MSCI ACWI Low Carbon Target ETF by 4.0% during the 2nd quarter. Gradient Investments LLC now owns 8,150 shares of the company’s stock worth $2,062,000 after acquiring an additional 316 shares during the last quarter. Howard Financial Services LTD. bought a new position in iShares MSCI ACWI Low Carbon Target ETF in the 2nd quarter valued at $204,000. Western Wealth Management LLC bought a new position in iShares MSCI ACWI Low Carbon Target ETF in the 1st quarter valued at $102,000. Bank of America Corp DE boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 0.5% in the first quarter. Bank of America Corp DE now owns 106,335 shares of the company’s stock worth $23,692,000 after purchasing an additional 545 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in iShares MSCI ACWI Low Carbon Target ETF by 40.6% in the first quarter. Royal Bank of Canada now owns 29,627 shares of the company’s stock worth $6,602,000 after purchasing an additional 8,557 shares in the last quarter.

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.