BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sets New 12-Month High – Here’s What Happened

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $66.98 and last traded at $66.98, with a volume of 23033 shares trading hands. The stock had previously closed at $66.83.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The firm’s 50 day moving average price is $65.42 and its 200 day moving average price is $63.62. The stock has a market capitalization of $1.31 billion, a P/E ratio of 27.49 and a beta of 1.03.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Drucker Wealth 3.0 LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at approximately $200,000. Talisman Wealth Advisors LLC increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 11.6% during the 4th quarter. Talisman Wealth Advisors LLC now owns 5,745 shares of the company’s stock valued at $368,000 after purchasing an additional 597 shares during the period. Snowden Capital Advisors LLC increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 4.9% during the 4th quarter. Snowden Capital Advisors LLC now owns 23,167 shares of the company’s stock valued at $1,484,000 after purchasing an additional 1,085 shares during the period. LifePlan Investment Advisors Inc. lifted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 32.8% in the 4th quarter. LifePlan Investment Advisors Inc. now owns 13,531 shares of the company’s stock worth $867,000 after purchasing an additional 3,341 shares during the period. Finally, Investor s Fiduciary Advisor Network LLC purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth about $3,002,000.

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.