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) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $81.41 and last traded at $81.20, with a volume of 29032 shares traded. The stock had previously closed at $80.96.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.3%

The company has a 50 day simple moving average of $79.69 and a two-hundred day simple moving average of $75.90. The company has a market capitalization of $1.50 billion, a P/E ratio of 25.46 and a beta of 1.02.

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

Several large investors have recently modified their holdings of LCTU. Wellington Grp LLC bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the first quarter worth $27,000. Western Wealth Management LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the first quarter valued at $28,000. Camelot Portfolios LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at $30,000. Clean Yield Group purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at $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.