BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Hits New 1-Year High at $57.49

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) shares hit a new 52-week high on Thursday . The company traded as high as $57.49 and last traded at $57.46, with a volume of 3169 shares changing hands. The stock had previously closed at $57.37.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The stock’s 50-day moving average price is $55.25 and its 200 day moving average price is $51.36. The firm has a market cap of $1.90 billion, a P/E ratio of 18.18 and a beta of 1.02.

Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 69.1% during the third quarter. BlackRock Inc. now owns 849 shares of the company’s stock worth $34,000 after buying an additional 347 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at about $37,000. UBS Group AG acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the third quarter valued at about $63,000. ORG Partners LLC grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 53.0% in the fourth quarter. ORG Partners LLC now owns 1,535 shares of the company’s stock valued at $80,000 after acquiring an additional 532 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 41.3% in the third quarter. Oliver Lagore Vanvalin Investment Group now owns 1,788 shares of the company’s stock valued at $84,000 after acquiring an additional 523 shares in 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.