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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $80.39 and last traded at $80.28, with a volume of 19075 shares traded. The stock had previously closed at $80.07.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The stock has a market capitalization of $1.51 billion, a PE ratio of 25.46 and a beta of 1.02. The business’s fifty day moving average price is $74.96 and its 200-day moving average price is $74.36.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Grp LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the first quarter worth about $27,000. Western Wealth Management LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the first quarter worth about $28,000. Camelot Portfolios LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth about $30,000. Clean Yield Group purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth about $45,000.

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.