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

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) shares saw strong trading volume on Wednesday . 13,542 shares traded hands during trading, an increase of 49% from the previous session’s volume of 9,061 shares.The stock last traded at $232.52 and had previously closed at $231.36.

iShares MSCI ACWI Low Carbon Target ETF Stock Performance

The company has a 50 day simple moving average of $229.86 and a 200 day simple moving average of $221.69. The company has a market capitalization of $1.00 billion, a PE ratio of -2,118.73 and a beta of 0.94.

Institutional Trading of iShares MSCI ACWI Low Carbon Target ETF

Several large investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at $179,000. United Capital Financial Advisors LLC raised its position in shares of iShares MSCI ACWI Low Carbon Target ETF by 25.6% in the third quarter. United Capital Financial Advisors LLC now owns 1,865 shares of the company’s stock valued at $423,000 after buying an additional 380 shares during the last quarter. Susquehanna International Group LLP lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 0.5% in the third quarter. Susquehanna International Group LLP now owns 36,159 shares of the company’s stock worth $8,203,000 after buying an additional 188 shares in the last quarter. Resources Management Corp CT ADV acquired a new position in iShares MSCI ACWI Low Carbon Target ETF during the third quarter worth about $34,000. Finally, Citadel Advisors LLC boosted its position in iShares MSCI ACWI Low Carbon Target ETF by 418.3% during the third quarter. Citadel Advisors LLC now owns 24,819 shares of the company’s stock worth $5,631,000 after acquiring an additional 20,030 shares during the last quarter.

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.