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

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.87 and last traded at $78.67, with a volume of 26524 shares trading hands. The stock had previously closed at $78.70.

BlackRock U.S. Carbon Transition Readiness ETF Stock Down 0.0%

The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The business has a 50 day moving average price of $73.48 and a 200-day moving average price of $73.92.

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

A number of hedge funds have recently bought and sold shares of the business. CreativeOne Wealth LLC grew its stake in BlackRock U.S. Carbon Transition Readiness ETF by 0.7% during the 4th 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 in the last quarter. Traveka Wealth LLC grew its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.1% in the 1st quarter. Traveka Wealth LLC now owns 7,986 shares of the company’s stock worth $560,000 after acquiring an additional 164 shares in the last quarter. AQR Capital Management LLC grew its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 3.1% in the 4th quarter. AQR Capital Management LLC now owns 5,568 shares of the company’s stock worth $413,000 after acquiring an additional 167 shares in the last quarter. Buttonwood Financial Group LLC grew its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 1.6% in the 3rd quarter. Buttonwood Financial Group LLC now owns 11,321 shares of the company’s stock worth $826,000 after acquiring an additional 179 shares in the last quarter. Finally, Capital Analysts LLC grew its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.3% in the 4th quarter. Capital Analysts LLC now owns 9,546 shares of the company’s stock worth $708,000 after acquiring an additional 212 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. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.