BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Hits New 1-Year High – What’s Next?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) reached a new 52-week high during trading on Monday . The company traded as high as $83.39 and last traded at $83.26, with a volume of 5935 shares. The stock had previously closed at $83.27.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

The firm has a 50-day moving average price of $80.25 and a 200-day moving average price of $76.72. The stock has a market cap of $1.25 billion, a PE ratio of 25.46 and a beta of 1.02.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Wellington Grp LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the first quarter valued at about $27,000. Western Wealth Management LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter worth approximately $28,000. Camelot Portfolios LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth approximately $30,000. Clean Yield Group purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth approximately $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.