iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Sees Large Volume Increase

Posted by Matthew Steigler on Jul 5th, 2024

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN – Get Free Report) shares saw strong trading volume on Wednesday . 30,609 shares traded hands during mid-day trading, an increase of 265% from the previous session’s volume of 8,392 shares.The stock last traded at $185.58 and had previously closed at $184.51.

iShares MSCI ACWI Low Carbon Target ETF Stock Up 0.3 %

The company has a market cap of $970.84 million, a P/E ratio of 20.64 and a beta of 0.95. The firm has a fifty day moving average price of $181.04 and a 200 day moving average price of $174.69.

Hedge Funds Weigh In On iShares MSCI ACWI Low Carbon Target ETF

A number of large investors have recently modified their holdings of CRBN. PNC Financial Services Group Inc. boosted its holdings in iShares MSCI ACWI Low Carbon Target ETF by 146.8% in the third quarter. PNC Financial Services Group Inc. now owns 232 shares of the company’s stock valued at $35,000 after acquiring an additional 138 shares during the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 1st quarter worth approximately $86,000. EP Wealth Advisors LLC bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the fourth quarter worth approximately $108,000. Concord Wealth Partners raised its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 127.2% during the first quarter. Concord Wealth Partners now owns 652 shares of the company’s stock worth $117,000 after buying an additional 365 shares during the last quarter. Finally, Parkside Financial Bank & Trust acquired a new position in iShares MSCI ACWI Low Carbon Target ETF in the fourth quarter valued at approximately $126,000.

About iShares MSCI ACWI Low Carbon Target ETF

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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.