Allianz SE cut its stake in iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN – Free Report) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,015 shares of the company’s stock after selling 4,000 shares during the quarter. Allianz SE owned 2.06% of iShares MSCI ACWI Low Carbon Target ETF worth $20,973,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Concord Wealth Partners purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF during the second quarter valued at approximately $85,000. Financial Connections Group Inc. bought a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF during the 2nd quarter valued at $93,000. Dougherty Wealth Advisers LLC increased its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 92.8% in the 2nd quarter. Dougherty Wealth Advisers LLC now owns 696 shares of the company’s stock worth $147,000 after purchasing an additional 335 shares in the last quarter. Kraft Davis & Associates LLC bought a new position in iShares MSCI ACWI Low Carbon Target ETF in the 2nd quarter worth $210,000. Finally, MRA Advisory Group bought a new position in iShares MSCI ACWI Low Carbon Target ETF in the 2nd quarter worth $216,000.
iShares MSCI ACWI Low Carbon Target ETF Stock Up 0.2%
NYSEARCA CRBN opened at $232.64 on Thursday. The stock’s 50-day moving average price is $227.29 and its 200-day moving average price is $215.50. The company has a market capitalization of $1.00 billion, a P/E ratio of -2,114.91 and a beta of 0.94. iShares MSCI ACWI Low Carbon Target ETF has a 52 week low of $166.75 and a 52 week high of $234.11.
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.
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