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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw unusually-strong trading volume on Tuesday . Approximately 69,068 shares were traded during mid-day trading, an increase of 740% from the previous session’s volume of 8,221 shares.The stock last traded at $196.19 and had previously closed at $196.01.

iShares MSCI ACWI Low Carbon Target ETF Trading Down 0.1 %

The stock has a 50 day simple moving average of $192.95 and a 200-day simple moving average of $185.59. The firm has a market cap of $1.02 billion, a PE ratio of 20.64 and a beta of 0.95.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

Several institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in iShares MSCI ACWI Low Carbon Target ETF by 30.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 303 shares of the company’s stock valued at $50,000 after acquiring an additional 71 shares in the last quarter. Gould Asset Management LLC CA grew its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 10.3% during the first quarter. Gould Asset Management LLC CA now owns 11,385 shares of the company’s stock valued at $2,044,000 after purchasing an additional 1,065 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the first quarter worth about $86,000. Truepoint Inc. purchased a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the first quarter worth about $379,000. Finally, Cetera Investment Advisers bought a new position in iShares MSCI ACWI Low Carbon Target ETF during the first quarter valued at approximately $4,629,000.

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.