Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Get Free Report) saw strong trading volume on Tuesday . Approximately 165,775 shares changed hands during mid-day trading, an increase of 218% from the previous session’s volume of 52,127 shares.The stock last traded at $82.90 and had previously closed at $83.01.
BlackRock U.S. Carbon Transition Readiness ETF Stock Performance
The stock has a market capitalization of $1.25 billion, a P/E ratio of 25.46 and a beta of 1.02. The firm has a fifty day moving average price of $81.83 and a two-hundred day moving average price of $78.39.
Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF
Several institutional investors have recently made changes to their positions in LCTU. Wellington Grp LLC bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the first quarter valued at approximately $27,000. Western Wealth Management LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter worth $28,000. Timbuktu Capital Management LLC bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter valued at $37,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth $45,000. Finally, NBT Bank N A NY raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 894.6% in the 1st quarter. NBT Bank N A NY now owns 736 shares of the company’s stock worth $52,000 after purchasing an additional 662 shares during the period.
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.
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