BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Hits New 52-Week High – Here’s Why

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTUGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $66.98 and last traded at $66.98, with a volume of 23033 shares. The stock had previously closed at $66.83.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

The company has a market capitalization of $1.42 billion, a PE ratio of 25.25 and a beta of 1.00. The firm has a fifty day simple moving average of $65.40 and a 200-day simple moving average of $63.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LCTU. Transce3nd LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth $49,000. WealthTrak Capital Management LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth $52,000. Guardian Wealth Advisors LLC NC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at $67,000. PNC Financial Services Group Inc. raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 26.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,748 shares of the company’s stock valued at $112,000 after buying an additional 361 shares during the period. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at $149,000.

BlackRock U.S. Carbon Transition Readiness ETF Company Profile

(Get Free Report)

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.

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