BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Strong Trading Volume – Here’s Why

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw strong trading volume on Wednesday . 40,202 shares were traded during trading, an increase of 60% from the previous session’s volume of 25,114 shares.The stock last traded at $74.1360 and had previously closed at $75.18.

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

The company has a market cap of $1.42 billion, a PE ratio of 25.46 and a beta of 1.03. The firm has a 50 day moving average of $74.54 and a two-hundred day moving average of $72.60.

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

Institutional investors have recently bought and sold shares of the company. Buttonwood Financial Group LLC increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 1.6% in the 3rd quarter. Buttonwood Financial Group LLC now owns 11,321 shares of the company’s stock worth $826,000 after purchasing an additional 179 shares in the last quarter. Cypress Wealth Services LLC increased its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 2.6% in the 3rd quarter. Cypress Wealth Services LLC now owns 7,091 shares of the company’s stock worth $515,000 after buying an additional 180 shares in the last quarter. Endeavor Private Wealth Inc. raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 4.0% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 4,712 shares of the company’s stock worth $317,000 after buying an additional 183 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 0.4% during the 4th quarter. Sanctuary Advisors LLC now owns 61,896 shares of the company’s stock valued at $4,586,000 after acquiring an additional 225 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 5.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,532 shares of the company’s stock valued at $329,000 after acquiring an additional 227 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. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.