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

Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) saw an uptick in trading volume on Thursday . 6,564 shares traded hands during trading, a decline of 19% from the previous session’s volume of 8,073 shares.The stock last traded at $194.55 and had previously closed at $193.16.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The company has a fifty day simple moving average of $197.77 and a two-hundred day simple moving average of $196.49. The stock has a market capitalization of $960.13 million, a price-to-earnings ratio of 20.21 and a beta of 0.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aspiriant LLC increased its holdings in iShares MSCI ACWI Low Carbon Target ETF by 5.9% in the 4th quarter. Aspiriant LLC now owns 105,698 shares of the company’s stock valued at $20,462,000 after buying an additional 5,858 shares during the period. Allianz SE acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter worth approximately $20,032,000. Investure LLC increased its stake in iShares MSCI ACWI Low Carbon Target ETF by 1.2% in the fourth quarter. Investure LLC now owns 101,821 shares of the company’s stock valued at $19,712,000 after acquiring an additional 1,171 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares MSCI ACWI Low Carbon Target ETF by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 72,802 shares of the company’s stock valued at $14,094,000 after purchasing an additional 584 shares in the last quarter. Finally, Wealthfront Advisers LLC lifted its stake in iShares MSCI ACWI Low Carbon Target ETF by 146.3% during the fourth quarter. Wealthfront Advisers LLC now owns 30,192 shares of the company’s stock worth $5,845,000 after purchasing an additional 17,934 shares during the last quarter.

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.