BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Hits New 12-Month High – Here’s Why

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s share price reached a new 52-week high on Monday . The stock traded as high as $75.50 and last traded at $75.4210, with a volume of 30872 shares traded. The stock had previously closed at $75.38.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 0.0%

The firm has a market cap of $1.45 billion, a P/E ratio of 25.46 and a beta of 1.03. The business’s fifty day simple moving average is $73.94 and its 200-day simple moving average is $71.74.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tempus Wealth Planning LLC grew its stake in BlackRock U.S. Carbon Transition Readiness ETF by 7.4% during the 2nd quarter. Tempus Wealth Planning LLC now owns 9,450 shares of the company’s stock worth $636,000 after buying an additional 648 shares during the last quarter. GeoWealth Management LLC boosted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 61.6% in the 2nd quarter. GeoWealth Management LLC now owns 59,403 shares of the company’s stock valued at $3,996,000 after purchasing an additional 22,648 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 27.1% during the second quarter. Janney Montgomery Scott LLC now owns 111,905 shares of the company’s stock worth $7,528,000 after acquiring an additional 23,832 shares during the period. Drucker Wealth 3.0 LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter worth $218,000. Finally, Apollon Wealth Management LLC increased its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 6.1% in the second quarter. Apollon Wealth Management LLC now owns 4,772 shares of the company’s stock valued at $321,000 after buying an additional 274 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.