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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) reached a new 52-week high on Wednesday . The company traded as high as $62.87 and last traded at $62.87, with a volume of 3968 shares trading hands. The stock had previously closed at $62.72.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.5 %

The firm has a market capitalization of $1.33 billion, a P/E ratio of 25.25 and a beta of 1.00. The firm has a 50 day moving average of $60.71 and a 200-day moving average of $58.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LCTU. ORG Partners LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter valued at approximately $73,000. Continuum Advisory LLC lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 24.2% during the second quarter. Continuum Advisory LLC now owns 3,387 shares of the company’s stock worth $201,000 after purchasing an additional 660 shares during the last quarter. Goldstein Advisors LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter valued at $210,000. Williams Financial LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter valued at $204,000. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter worth $222,000.

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.