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

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

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

The firm has a 50 day moving average price of $63.85 and a 200-day moving average price of $61.14. The company has a market cap of $1.41 billion, a P/E ratio of 25.25 and a beta of 1.00.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Commonwealth Equity Services LLC lifted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 45.3% in the second quarter. Commonwealth Equity Services LLC now owns 47,865 shares of the company’s stock valued at $2,844,000 after buying an additional 14,918 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the second quarter valued at about $250,000. Continuum Advisory LLC lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 24.2% during the second quarter. Continuum Advisory LLC now owns 3,387 shares of the company’s stock worth $201,000 after purchasing an additional 660 shares during the period. CoreCap Advisors LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the second quarter worth about $517,000. Finally, Farther Finance Advisors LLC raised its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 16.7% in the second quarter. Farther Finance Advisors LLC now owns 13,519 shares of the company’s stock valued at $805,000 after acquiring an additional 1,931 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.