BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sets New 1-Year High – Here’s What Happened

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $79.81 and last traded at $79.79, with a volume of 16754 shares trading hands. The stock had previously closed at $79.22.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 0.7%

The business has a fifty day moving average of $74.34 and a two-hundred day moving average of $74.19. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at approximately $28,000. Camelot Portfolios LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth approximately $30,000. Clean Yield Group acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth approximately $31,000. Commonwealth Retirement Investments LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth approximately $45,000. Finally, NBT Bank N A NY grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 894.6% during the 1st quarter. NBT Bank N A NY now owns 736 shares of the company’s stock valued at $52,000 after buying an additional 662 shares during the period.

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.