BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Hits New 52-Week High – Time to Buy?

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $71.31 and last traded at $71.03, with a volume of 21011 shares changing hands. The stock had previously closed at $70.88.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

The firm’s 50 day moving average is $69.26 and its 200-day moving average is $64.54. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Copperleaf Capital LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 2.8% in the 1st quarter. Copperleaf Capital LLC now owns 12,426 shares of the company’s stock worth $753,000 after acquiring an additional 339 shares during the period. Concurrent Investment Advisors LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter worth $202,000. Janney Montgomery Scott LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 0.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 88,073 shares of the company’s stock worth $5,338,000 after acquiring an additional 655 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth $334,000. Finally, Bank of New York Mellon Corp raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 35,320 shares of the company’s stock worth $2,141,000 after acquiring an additional 629 shares during the period.

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.