BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sets New 52-Week High – Here’s Why

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $65.75 and last traded at $65.52, with a volume of 5330 shares trading hands. The stock had previously closed at $65.23.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.5 %

The stock has a market cap of $1.39 billion, a PE ratio of 25.25 and a beta of 1.00. The business has a 50 day moving average price of $63.41 and a 200 day moving average price of $60.79.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in LCTU. Williams Financial LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 5,435.4% in the 2nd quarter. Williams Financial LLC now owns 196,506 shares of the company’s stock worth $11,225,000 after purchasing an additional 192,956 shares during the period. LPL Financial LLC raised its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 21.0% during the 2nd quarter. LPL Financial LLC now owns 579,979 shares of the company’s stock worth $34,455,000 after buying an additional 100,813 shares during the period. Cetera Investment Advisers lifted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 46.9% during the 1st quarter. Cetera Investment Advisers now owns 285,757 shares of the company’s stock valued at $16,405,000 after buying an additional 91,251 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter valued at $4,262,000. Finally, Thrivent Financial for Lutherans increased its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 67.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 119,281 shares of the company’s stock worth $7,484,000 after acquiring an additional 47,989 shares in the last quarter.

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.