BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Reaches New 52-Week High – Here’s Why

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) reached a new 52-week high during trading on Monday . The company traded as high as $66.01 and last traded at $66.01, with a volume of 8915 shares changing hands. The stock had previously closed at $65.88.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 0.7 %

The firm has a market cap of $1.41 billion, a PE ratio of 25.25 and a beta of 1.00. The business’s 50-day simple moving average is $63.85 and its 200 day simple moving average is $61.14.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 45.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 47,865 shares of the company’s stock valued at $2,844,000 after acquiring an additional 14,918 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the second quarter valued at approximately $250,000. Continuum Advisory LLC boosted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 24.2% in the second quarter. Continuum Advisory LLC now owns 3,387 shares of the company’s stock valued at $201,000 after acquiring an additional 660 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the second quarter worth $517,000. Finally, Farther Finance Advisors LLC raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 16.7% in the second quarter. Farther Finance Advisors LLC now owns 13,519 shares of the company’s stock worth $805,000 after acquiring an additional 1,931 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.