BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Unusually-High Trading Volume – Should You Buy?

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw unusually-strong trading volume on Tuesday . 165,775 shares changed hands during mid-day trading, an increase of 218% from the previous session’s volume of 52,127 shares.The stock last traded at $82.90 and had previously closed at $83.01.

BlackRock U.S. Carbon Transition Readiness ETF Trading Down 0.8%

The firm has a fifty day moving average of $81.89 and a two-hundred day moving average of $78.51. The company has a market capitalization of $1.25 billion, a PE ratio of 25.46 and a beta of 1.02.

Institutional Trading of BlackRock U.S. Carbon Transition Readiness ETF

A number of institutional investors have recently made changes to their positions in LCTU. Traveka Wealth LLC boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.1% during the first quarter. Traveka Wealth LLC now owns 7,986 shares of the company’s stock valued at $560,000 after purchasing an additional 164 shares in the last quarter. Centurion Wealth Management LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 2.8% in the second quarter. Centurion Wealth Management LLC now owns 6,220 shares of the company’s stock worth $499,000 after purchasing an additional 169 shares in the last quarter. Ehrlich Financial Group raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 7.7% in the second quarter. Ehrlich Financial Group now owns 3,244 shares of the company’s stock worth $260,000 after purchasing an additional 232 shares in the last quarter. Wellington Grp LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF during the first quarter valued at $27,000. Finally, Western Wealth Management LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF during the first quarter valued at $28,000.

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.