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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) shares saw unusually-strong trading volume on Monday . 20,022 shares traded hands during mid-day trading, a decline of 46% from the previous session’s volume of 36,860 shares.The stock last traded at $81.00 and had previously closed at $81.21.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 0.5%

The stock has a market capitalization of $1.50 billion, a P/E ratio of 25.46 and a beta of 1.02. The company has a fifty day simple moving average of $79.64 and a two-hundred day simple moving average of $75.86.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 0.7% during the fourth quarter. CreativeOne Wealth LLC now owns 20,787 shares of the company’s stock valued at $1,540,000 after purchasing an additional 141 shares during the last quarter. Traveka Wealth LLC raised its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.1% in the first quarter. Traveka Wealth LLC now owns 7,986 shares of the company’s stock valued at $560,000 after purchasing an additional 164 shares during the period. AQR Capital Management LLC lifted its position in BlackRock U.S. Carbon Transition Readiness ETF by 3.1% during the fourth quarter. AQR Capital Management LLC now owns 5,568 shares of the company’s stock worth $413,000 after acquiring an additional 167 shares during the last quarter. Centurion Wealth Management LLC lifted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 2.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 6,220 shares of the company’s stock worth $499,000 after purchasing an additional 169 shares during the last quarter. Finally, Capital Analysts LLC lifted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.3% during the fourth quarter. Capital Analysts LLC now owns 9,546 shares of the company’s stock worth $708,000 after buying an additional 212 shares in 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. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.