Allianz SE Makes New $20.03 Million Investment in iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)

Allianz SE acquired a new stake in iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) during the fourth quarter, HoldingsChannel reports. The fund acquired 103,015 shares of the company’s stock, valued at approximately $20,032,000.

Several other large investors have also recently added to or reduced their stakes in CRBN. Coldstream Capital Management Inc. acquired a new position in iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at $3,654,000. Wealthfront Advisers LLC raised its holdings in shares of iShares MSCI ACWI Low Carbon Target ETF by 146.3% during the 4th quarter. Wealthfront Advisers LLC now owns 30,192 shares of the company’s stock worth $5,845,000 after buying an additional 17,934 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter valued at approximately $2,392,000. JPMorgan Chase & Co. grew its holdings 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 valued at $14,164,000 after purchasing an additional 8,249 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its position in iShares MSCI ACWI Low Carbon Target ETF by 81.9% during the 3rd quarter. Flow Traders U.S. LLC now owns 14,499 shares of the company’s stock worth $2,844,000 after purchasing an additional 6,528 shares in the last quarter.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

Shares of NYSEARCA:CRBN opened at $190.95 on Friday. The firm has a 50 day simple moving average of $197.88 and a 200 day simple moving average of $196.77. The company has a market cap of $945.20 million, a price-to-earnings ratio of 20.21 and a beta of 0.95. iShares MSCI ACWI Low Carbon Target ETF has a one year low of $169.46 and a one year high of $204.30.

iShares MSCI ACWI Low Carbon Target ETF 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.