BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Large Volume Increase – Time to Buy?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw strong trading volume on Monday . 20,022 shares were traded during mid-day 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 Stock Performance

The firm has a market cap of $1.50 billion, a PE ratio of 25.46 and a beta of 1.02. The company’s 50-day simple moving average is $79.49 and its two-hundred day simple moving average is $75.77.

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

A number of institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 3.7% in the fourth 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 last quarter. JPMorgan Chase & Co. raised 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 valued at $56,905,000 after purchasing an additional 143,335 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 50,423.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 575,968 shares of the company’s stock valued at $42,674,000 after purchasing an additional 574,828 shares during the last quarter. Park Avenue Securities LLC lifted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 1.2% in the 4th quarter. Park Avenue Securities LLC now owns 471,671 shares of the company’s stock worth $34,947,000 after buying an additional 5,807 shares during the period. Finally, MML Investors Services LLC grew its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 9.5% in the 4th quarter. MML Investors Services LLC now owns 253,028 shares of the company’s stock worth $18,747,000 after buying an additional 21,873 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.