BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Large Volume Increase – What’s Next?

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw strong trading volume on Monday . 20,022 shares traded hands during trading, a decline of 46% from the previous session’s volume of 36,860 shares.The stock last traded at $81.00 and had previously closed at $81.21.

BlackRock U.S. Carbon Transition Readiness ETF Trading Down 0.3%

The stock has a market capitalization of $1.50 billion, a P/E ratio of 25.46 and a beta of 1.02. The stock’s fifty day moving average price is $79.49 and its two-hundred day moving average price is $75.77.

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

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 50,423.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 575,968 shares of the company’s stock worth $42,674,000 after buying an additional 574,828 shares during the period. JPMorgan Chase & Co. grew its position in BlackRock U.S. Carbon Transition Readiness ETF by 22.4% during 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 during the last quarter. Avise Financial Cooperative Inc. purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth approximately $7,512,000. LPL Financial LLC increased its stake in BlackRock U.S. Carbon Transition Readiness ETF by 3.7% in the 4th quarter. LPL Financial LLC now owns 1,223,595 shares of the company’s stock worth $90,657,000 after purchasing an additional 43,128 shares during the period. Finally, Sofi Wealth LLC lifted its position in BlackRock U.S. Carbon Transition Readiness ETF by 24.5% in the first quarter. Sofi Wealth LLC now owns 121,482 shares of the company’s stock valued at $8,520,000 after purchasing an additional 23,873 shares during 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.