BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Unusually-High Trading Volume – Here’s Why

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw unusually-high trading volume on Friday . Approximately 24,084 shares traded hands during trading, a decline of 5% from the previous session’s volume of 25,470 shares.The stock last traded at $74.6590 and had previously closed at $74.28.

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

The company has a market cap of $1.44 billion, a price-to-earnings ratio of 25.46 and a beta of 1.03. The stock’s 50-day moving average is $74.11 and its 200-day moving average is $72.14.

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

A number of hedge funds have recently added to or reduced their stakes in the company. Tempus Wealth Planning LLC lifted its position in shares of 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 in the last quarter. GeoWealth Management LLC grew its stake 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 during the period. Janney Montgomery Scott LLC raised its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 27.1% during the 2nd 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 during the period. Drucker Wealth 3.0 LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the second quarter valued at about $218,000. Finally, Apollon Wealth Management LLC increased its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 6.1% during the second quarter. Apollon Wealth Management LLC now owns 4,772 shares of the company’s stock worth $321,000 after buying an additional 274 shares during 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.