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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $80.39 and last traded at $80.28, with a volume of 19075 shares traded. The stock had previously closed at $80.07.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.2%

The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The company’s 50-day simple moving average is $75.32 and its 200 day simple moving average is $74.46.

Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

Hedge funds have recently bought and sold shares of the business. Wellington Grp LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the first quarter worth $27,000. Western Wealth Management LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the first quarter worth $28,000. Camelot Portfolios LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth $30,000. Clean Yield Group acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth $45,000.

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.