Stonehearth Capital Management LLC Sells 405 Shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN)

Stonehearth Capital Management LLC lowered its stake in shares of iShares MSCI ACWI Low Carbon Target ETF (NYSEARCA:CRBN) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 17,494 shares of the company’s stock after selling 405 shares during the period. iShares MSCI ACWI Low Carbon Target ETF comprises about 1.4% of Stonehearth Capital Management LLC’s holdings, making the stock its 17th biggest position. Stonehearth Capital Management LLC’s holdings in iShares MSCI ACWI Low Carbon Target ETF were worth $3,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 12.9% in the third quarter. JPMorgan Chase & Co. now owns 72,218 shares of the company’s stock worth $14,164,000 after buying an additional 8,249 shares during the last quarter. Coldstream Capital Management Inc. bought a new position in iShares MSCI ACWI Low Carbon Target ETF in the 3rd quarter worth $3,654,000. EP Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 150 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in iShares MSCI ACWI Low Carbon Target ETF during the third quarter valued at about $2,392,000. Finally, HighTower Advisors LLC increased its stake in shares of iShares MSCI ACWI Low Carbon Target ETF by 10.2% in the third quarter. HighTower Advisors LLC now owns 4,826 shares of the company’s stock worth $947,000 after purchasing an additional 445 shares during the period.

iShares MSCI ACWI Low Carbon Target ETF Price Performance

Shares of NYSEARCA CRBN traded down $0.69 during trading hours on Tuesday, hitting $195.55. 2,234 shares of the company’s stock were exchanged, compared to its average volume of 7,405. The company’s 50-day moving average price is $197.97 and its 200-day moving average price is $192.17. iShares MSCI ACWI Low Carbon Target ETF has a 1-year low of $161.82 and a 1-year high of $204.30. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 20.64 and a beta of 0.95.

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.