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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $81.41 and last traded at $81.20, with a volume of 29032 shares trading hands. The stock had previously closed at $80.96.

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 firm has a fifty day simple moving average of $79.69 and a two-hundred day simple moving average of $75.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Centurion Wealth Management LLC grew its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.8% in the second quarter. Centurion Wealth Management LLC now owns 6,220 shares of the company’s stock valued at $499,000 after purchasing an additional 169 shares in the last quarter. Focus Financial Network Inc. raised its stake in BlackRock U.S. Carbon Transition Readiness ETF by 61.7% during the second quarter. Focus Financial Network Inc. now owns 8,369 shares of the company’s stock valued at $671,000 after purchasing an additional 3,192 shares in the last quarter. Sax Wealth Advisors LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the second quarter valued at $241,000. Ehrlich Financial Group lifted its position in BlackRock U.S. Carbon Transition Readiness ETF by 7.7% during the second quarter. Ehrlich Financial Group now owns 3,244 shares of the company’s stock valued at $260,000 after purchasing an additional 232 shares during the last quarter. Finally, Contango Wealth Management LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter worth $649,000.

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.