BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sets New 1-Year High – Here’s Why

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.79 and last traded at $66.73, with a volume of 21721 shares changing hands. The stock had previously closed at $66.01.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

The business’s 50 day moving average price is $65.35 and its 200-day moving average price is $63.33. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 25.25 and a beta of 1.00.

Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

Several hedge funds and other institutional investors have recently modified their holdings of LCTU. LPL Financial LLC lifted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 77.1% during the fourth quarter. LPL Financial LLC now owns 907,094 shares of the company’s stock valued at $58,099,000 after acquiring an additional 394,792 shares during the period. JPMorgan Chase & Co. increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 647,020 shares of the company’s stock worth $41,442,000 after purchasing an additional 43,768 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 1.1% during the 4th quarter. Park Avenue Securities LLC now owns 444,144 shares of the company’s stock valued at $28,447,000 after purchasing an additional 5,023 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 2.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 121,813 shares of the company’s stock valued at $7,954,000 after buying an additional 2,532 shares in the last quarter. Finally, Assetmark Inc. grew its stake in BlackRock U.S. Carbon Transition Readiness ETF by 13.1% during the fourth quarter. Assetmark Inc. now owns 113,092 shares of the company’s stock worth $7,244,000 after buying an additional 13,104 shares during 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.