BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sets New 52-Week High at $59.96

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) hit a new 52-week high during trading on Friday . The stock traded as high as $59.96 and last traded at $59.96, with a volume of 2338 shares trading hands. The stock had previously closed at $59.60.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The company’s 50 day moving average is $57.53 and its 200 day moving average is $55.58. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 25.25 and a beta of 1.00.

Institutional Trading of BlackRock U.S. Carbon Transition Readiness ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Advisors LLC raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 92.3% during the first quarter. Cetera Advisors LLC now owns 58,145 shares of the company’s stock worth $3,338,000 after acquiring an additional 27,901 shares during the last quarter. Cetera Investment Advisers raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 46.9% during the first quarter. Cetera Investment Advisers now owns 285,757 shares of the company’s stock worth $16,405,000 after acquiring an additional 91,251 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the first quarter worth about $222,000. B. Riley Wealth Advisors Inc. raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 34.6% during the first quarter. B. Riley Wealth Advisors Inc. now owns 19,515 shares of the company’s stock worth $1,120,000 after acquiring an additional 5,021 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 197.4% during the first quarter. CreativeOne Wealth LLC now owns 15,001 shares of the company’s stock worth $861,000 after acquiring an additional 9,957 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.