BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Strong Trading Volume – Time to Buy?

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw strong trading volume on Friday . 24,084 shares traded hands during trading, a decline of 5% from the previous session’s volume of 25,470 shares.The stock last traded at $74.6590 and had previously closed at $74.28.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The stock has a market cap of $1.44 billion, a PE ratio of 25.46 and a beta of 1.03. The firm’s 50 day moving average price is $74.11 and its two-hundred day moving average price is $72.14.

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

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 22.4% in the third quarter. JPMorgan Chase & Co. now owns 784,046 shares of the company’s stock worth $56,905,000 after acquiring an additional 143,335 shares during the period. Park Avenue Securities LLC increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 1.2% during the 4th quarter. Park Avenue Securities LLC now owns 471,671 shares of the company’s stock valued at $34,947,000 after buying an additional 5,807 shares in the last quarter. Cetera Investment Advisers raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 5.1% in the 2nd quarter. Cetera Investment Advisers now owns 303,697 shares of the company’s stock worth $20,430,000 after acquiring an additional 14,696 shares during the last quarter. Thrivent Financial for Lutherans raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 2,478.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 125,448 shares of the company’s stock worth $9,105,000 after buying an additional 120,583 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.2% during the third quarter. Assetmark Inc. now owns 125,439 shares of the company’s stock valued at $9,104,000 after purchasing an additional 2,754 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. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.