iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sets New 1-Year High – Time to Buy?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $198.30 and last traded at $198.30, with a volume of 18360 shares traded. The stock had previously closed at $195.38.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 20.64 and a beta of 0.95. The business’s 50-day moving average is $193.36 and its 200-day moving average is $186.40.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

Several hedge funds have recently modified their holdings of CRBN. Cetera Investment Advisers increased its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.3% in the second quarter. Cetera Investment Advisers now owns 25,863 shares of the company’s stock valued at $4,740,000 after buying an additional 73 shares in the last quarter. Patten Group Inc. increased its position in iShares MSCI ACWI Low Carbon Target ETF by 3.3% in the 3rd quarter. Patten Group Inc. now owns 2,476 shares of the company’s stock valued at $486,000 after acquiring an additional 78 shares in the last quarter. Gradient Investments LLC raised its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 1.1% in the second quarter. Gradient Investments LLC now owns 9,671 shares of the company’s stock worth $1,772,000 after acquiring an additional 104 shares during the last quarter. Nottingham Advisors Inc. lifted its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 8.3% during the third quarter. Nottingham Advisors Inc. now owns 1,525 shares of the company’s stock worth $299,000 after purchasing an additional 117 shares in the last quarter. Finally, Paladin Wealth LLC bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the third quarter valued at approximately $31,000.

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.