BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Reaches New 12-Month High – What’s Next?

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $66.77 and last traded at $66.76, with a volume of 10491 shares changing hands. The stock had previously closed at $66.34.

BlackRock U.S. Carbon Transition Readiness ETF Trading Down 0.6 %

The business has a 50 day moving average of $65.32 and a two-hundred day moving average of $62.95. The firm has a market cap of $1.39 billion, a P/E ratio of 25.25 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. World Investment Advisors LLC lifted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 0.7% during the 3rd quarter. World Investment Advisors LLC now owns 22,209 shares of the company’s stock worth $1,393,000 after acquiring an additional 165 shares during the period. Spectrum Planning & Advisory Services Inc. lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 1.8% during the third quarter. Spectrum Planning & Advisory Services Inc. now owns 9,660 shares of the company’s stock worth $606,000 after purchasing an additional 170 shares during the last quarter. MA Private Wealth lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 0.6% during the third quarter. MA Private Wealth now owns 30,300 shares of the company’s stock worth $1,901,000 after purchasing an additional 183 shares during the last quarter. Savvy Advisors Inc. boosted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.2% in the 3rd quarter. Savvy Advisors Inc. now owns 8,522 shares of the company’s stock valued at $535,000 after purchasing an additional 184 shares in the last quarter. Finally, Vertex Planning Partners LLC increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 7.5% in the 3rd quarter. Vertex Planning Partners LLC now owns 3,628 shares of the company’s stock valued at $228,000 after purchasing an additional 254 shares during the last quarter.

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.