BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Reaches New 12-Month High – Time to Buy?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) shares hit a new 52-week high on Wednesday . The stock traded as high as $64.16 and last traded at $64.16, with a volume of 521 shares changing hands. The stock had previously closed at $62.93.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 2.5 %

The company has a market cap of $1.36 billion, a PE ratio of 25.25 and a beta of 1.00. The business has a fifty day moving average of $62.23 and a 200-day moving average of $59.87.

Institutional Investors Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

Hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 97,495 shares of the company’s stock valued at $5,597,000 after purchasing an additional 5,714 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 31.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 24,379 shares of the company’s stock worth $1,400,000 after acquiring an additional 5,838 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 4.2% in the 1st quarter. Orion Portfolio Solutions LLC now owns 22,751 shares of the company’s stock worth $1,306,000 after purchasing an additional 927 shares in the last quarter. CreativeOne Wealth LLC increased its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 197.4% in the 1st quarter. CreativeOne Wealth LLC now owns 15,001 shares of the company’s stock worth $861,000 after buying an additional 9,957 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 34.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 19,515 shares of the company’s stock valued at $1,120,000 after acquiring an additional 5,021 shares during the last quarter.

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.