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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) reached a new 52-week high during trading on Friday . The stock traded as high as $81.27 and last traded at $81.21, with a volume of 12288 shares traded. The stock had previously closed at $80.85.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

The business’s fifty day moving average price is $79.38 and its 200-day moving average price is $75.73. The stock has a market cap of $1.50 billion, a PE ratio of 25.46 and a beta of 1.02.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LCTU. Wellington Grp LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter worth approximately $27,000. NewEdge Advisors LLC grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 11.9% during the 1st quarter. NewEdge Advisors LLC now owns 40,506 shares of the company’s stock valued at $28,000 after acquiring an additional 4,313 shares during the period. Western Wealth Management LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at approximately $28,000. Camelot Portfolios LLC purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth approximately $30,000. Finally, Clean Yield Group bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth approximately $31,000.

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.