BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Large Volume Increase – Here’s What Happened

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw unusually-strong trading volume on Wednesday . Approximately 63,037 shares changed hands during mid-day trading, an increase of 105% from the previous session’s volume of 30,721 shares.The stock last traded at $64.24 and had previously closed at $64.36.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The company has a market capitalization of $1.36 billion, a P/E ratio of 25.25 and a beta of 1.00. The stock’s fifty day simple moving average is $64.97 and its 200-day simple moving average is $62.39.

Hedge Funds Weigh In On BlackRock U.S. Carbon Transition Readiness ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hilltop Holdings Inc. bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 3rd quarter worth about $200,000. W.H. Cornerstone Investments Inc. bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the third quarter valued at about $224,000. Vertex Planning Partners LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 7.5% in the 3rd quarter. Vertex Planning Partners LLC now owns 3,628 shares of the company’s stock valued at $228,000 after acquiring an additional 254 shares in the last quarter. Physician Wealth Advisors Inc. bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 3rd quarter worth approximately $240,000. Finally, Captrust Financial Advisors bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the third quarter valued at approximately $242,000.

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.