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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $75.21 and last traded at $75.2060, with a volume of 12390 shares traded. The stock had previously closed at $74.70.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

The business has a 50 day moving average price of $73.89 and a two-hundred day moving average price of $71.47. The company has a market cap of $1.44 billion, a P/E ratio of 25.46 and a beta of 1.03.

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

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 22.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 784,046 shares of the company’s stock worth $56,905,000 after acquiring an additional 143,335 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in BlackRock U.S. Carbon Transition Readiness ETF by 2,478.6% in the third quarter. Thrivent Financial for Lutherans now owns 125,448 shares of the company’s stock worth $9,105,000 after purchasing an additional 120,583 shares during the period. Osaic Holdings Inc. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 88.0% in the second quarter. Osaic Holdings Inc. now owns 82,234 shares of the company’s stock worth $5,408,000 after purchasing an additional 38,503 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 27.1% in the second quarter. Janney Montgomery Scott LLC now owns 111,905 shares of the company’s stock worth $7,528,000 after purchasing an additional 23,832 shares in the last quarter. Finally, Sofi Wealth LLC lifted its position in BlackRock U.S. Carbon Transition Readiness ETF by 67.7% during the second quarter. Sofi Wealth LLC now owns 56,266 shares of the company’s stock valued at $3,785,000 after buying an additional 22,723 shares during the period.

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.