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 stock price hit a new 52-week high on Wednesday . The company traded as high as $72.75 and last traded at $72.32, with a volume of 32879 shares trading hands. The stock had previously closed at $72.65.

BlackRock U.S. Carbon Transition Readiness ETF Stock Down 0.6%

The business has a 50-day simple moving average of $70.16 and a two-hundred day simple moving average of $65.18. The stock has a market capitalization of $1.36 billion, a P/E ratio of 25.46 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. Ameriflex Group Inc. acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth approximately $26,000. Kilter Group LLC acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter valued at $29,000. Cornerstone Planning Group LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter valued at $42,000. NBT Bank N A NY acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF in the first quarter worth $45,000. Finally, WFA of San Diego LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF in the second quarter worth $51,000.

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.