BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sets New 52-Week High – What’s Next?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) shares hit a new 52-week high on Tuesday . The stock traded as high as $81.61 and last traded at $81.61, with a volume of 145 shares traded. The stock had previously closed at $81.28.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 1.3%

The stock has a market capitalization of $1.24 billion, a P/E ratio of 25.46 and a beta of 1.02. The stock’s 50 day moving average price is $79.98 and its 200-day moving average price is $76.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 50,423.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 575,968 shares of the company’s stock valued at $42,674,000 after buying an additional 574,828 shares in the last quarter. Avise Financial Cooperative Inc. acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth about $7,512,000. LPL Financial LLC grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 3.7% during the fourth quarter. LPL Financial LLC now owns 1,223,595 shares of the company’s stock worth $90,657,000 after acquiring an additional 43,128 shares during the last quarter. Sofi Wealth LLC grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 24.5% during the first quarter. Sofi Wealth LLC now owns 121,482 shares of the company’s stock worth $8,520,000 after acquiring an additional 23,873 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 9.5% during the fourth quarter. MML Investors Services LLC now owns 253,028 shares of the company’s stock valued at $18,747,000 after acquiring an additional 21,873 shares in the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Company Profile

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.