BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sets New 52-Week High – Still a Buy?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $66.01 and last traded at $66.01, with a volume of 8915 shares traded. The stock had previously closed at $65.88.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 0.3 %

The business has a 50 day simple moving average of $63.71 and a 200-day simple moving average of $61.03. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 25.25 and a beta of 1.00.

Institutional Trading of BlackRock U.S. Carbon Transition Readiness ETF

A number of hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 21.0% in the 2nd quarter. LPL Financial LLC now owns 579,979 shares of the company’s stock valued at $34,455,000 after purchasing an additional 100,813 shares in the last quarter. Cetera Investment Advisers raised its holdings 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 during the period. Williams Financial LLC raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 5,435.4% during the 2nd quarter. Williams Financial LLC now owns 196,506 shares of the company’s stock valued at $11,225,000 after buying an additional 192,956 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 67.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 119,281 shares of the company’s stock valued at $7,484,000 after buying an additional 47,989 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 1.1% during the 3rd quarter. Assetmark Inc. now owns 99,988 shares of the company’s stock valued at $6,273,000 after buying an additional 1,094 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.