iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) Reaches New 12-Month Low – Should You Sell?

iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBNGet Free Report)’s stock price reached a new 52-week low on Monday . The company traded as low as $166.75 and last traded at $172.22, with a volume of 27425 shares. The stock had previously closed at $174.41.

iShares MSCI ACWI Low Carbon Target ETF Stock Down 1.0 %

The stock has a market cap of $854.37 million, a price-to-earnings ratio of 19.88 and a beta of 0.93. The stock’s 50 day moving average price is $196.17 and its two-hundred day moving average price is $196.65.

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

A number of institutional investors have recently modified their holdings of the stock. FMR LLC grew its holdings in iShares MSCI ACWI Low Carbon Target ETF by 10.5% during the third quarter. FMR LLC now owns 1,833 shares of the company’s stock worth $360,000 after acquiring an additional 174 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 12.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,218 shares of the company’s stock worth $14,164,000 after purchasing an additional 8,249 shares during the period. Raymond James Financial Inc. purchased a new position in shares of iShares MSCI ACWI Low Carbon Target ETF during the 4th quarter valued at approximately $739,000. Jones Financial Companies Lllp lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 152.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,731 shares of the company’s stock valued at $335,000 after purchasing an additional 1,045 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in iShares MSCI ACWI Low Carbon Target ETF during the fourth quarter worth $376,000.

About iShares MSCI ACWI Low Carbon Target ETF

(Get Free Report)

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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