BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Hits New 52-Week High – What’s Next?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) shares reached a new 52-week high during trading on Monday . The stock traded as high as $76.56 and last traded at $76.51, with a volume of 22683 shares traded. The stock had previously closed at $76.48.

BlackRock U.S. Carbon Transition Readiness ETF Stock Down 0.2%

The firm has a 50-day moving average price of $73.02 and a 200 day moving average price of $73.68. The firm has a market capitalization of $1.43 billion, a PE ratio of 25.46 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LCTU. Mather Group LLC. purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the third quarter valued at $25,000. Camelot Portfolios LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at $30,000. Clean Yield Group purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at $31,000. Commonwealth Retirement Investments LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at $45,000. Finally, NBT Bank N A NY boosted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 894.6% in the first quarter. NBT Bank N A NY now owns 736 shares of the company’s stock valued at $52,000 after purchasing an additional 662 shares during the period.

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.