BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Large Volume Increase – Here’s Why

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw unusually-strong trading volume on Monday . Approximately 36,298 shares traded hands during trading, an increase of 12% from the previous session’s volume of 32,472 shares.The stock last traded at $74.3950 and had previously closed at $73.48.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The firm has a market capitalization of $1.43 billion, a P/E ratio of 25.46 and a beta of 1.03. The stock’s 50-day simple moving average is $73.64 and its two-hundred day simple moving average is $70.87.

Institutional Investors Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

A number of institutional investors and hedge funds have recently bought and sold shares of LCTU. JPMorgan Chase & Co. boosted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 22.4% in the third quarter. JPMorgan Chase & Co. now owns 784,046 shares of the company’s stock worth $56,905,000 after acquiring an additional 143,335 shares during the period. Kestra Private Wealth Services LLC lifted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 95.4% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 18,415 shares of the company’s stock worth $1,337,000 after purchasing an additional 8,992 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 54.3% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,140 shares of the company’s stock worth $83,000 after purchasing an additional 401 shares during the period. Integrated Wealth Concepts LLC boosted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 2.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 62,789 shares of the company’s stock worth $4,557,000 after purchasing an additional 1,631 shares during the period. Finally, Bank of America Corp DE purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 3rd quarter valued at approximately $177,000.

BlackRock U.S. Carbon Transition Readiness ETF Company Profile

The BlackRock U.S. Carbon Transition Readiness ETF (LCTU) is an exchange-traded fund that is based on the Russell 1000 index. The fund is an actively-managed portfolio of large- and mid-cap US firms in the Russell 1000 Index that are selected and weighted with a preference for lower carbon emissions. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.