BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Hits New 52-Week High at $59.96

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $59.96 and last traded at $59.96, with a volume of 2338 shares trading hands. The stock had previously closed at $59.60.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The company has a 50-day simple moving average of $57.43 and a 200-day simple moving average of $55.49. The firm has a market cap of $1.26 billion, a PE ratio of 25.25 and a beta of 1.00.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Principal Securities Inc. purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at approximately $37,000. ORG Partners LLC boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 53.0% during the fourth quarter. ORG Partners LLC now owns 1,535 shares of the company’s stock valued at $80,000 after buying an additional 532 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 29.4% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 2,314 shares of the company’s stock valued at $121,000 after buying an additional 526 shares during the period. AdvisorNet Financial Inc boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 18.4% during the fourth quarter. AdvisorNet Financial Inc now owns 2,340 shares of the company’s stock valued at $122,000 after buying an additional 364 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 10.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,690 shares of the company’s stock valued at $141,000 after buying an additional 248 shares during the period.

About BlackRock U.S. Carbon Transition Readiness ETF

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.