iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Reaches New 52-Week High – Here’s Why

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $200.65 and last traded at $200.65, with a volume of 2316 shares changing hands. The stock had previously closed at $199.57.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The stock’s 50-day moving average price is $196.37 and its two-hundred day moving average price is $188.93. The stock has a market capitalization of $1.04 billion, a PE ratio of 20.64 and a beta of 0.95.

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

A number of institutional investors and hedge funds have recently made changes to their positions in CRBN. Paladin Wealth LLC purchased a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter worth about $31,000. GPS Wealth Strategies Group LLC purchased a new position in iShares MSCI ACWI Low Carbon Target ETF in the second quarter worth about $61,000. Brown Financial Advisors bought a new position in shares of iShares MSCI ACWI Low Carbon Target ETF in the second quarter worth approximately $74,000. EP Wealth Advisors LLC grew its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 22.9% during the third quarter. EP Wealth Advisors LLC now owns 805 shares of the company’s stock valued at $158,000 after buying an additional 150 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the first quarter valued at approximately $233,000.

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.