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

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $77.71 and last traded at $77.71, with a volume of 517 shares changing hands. The stock had previously closed at $76.60.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.8%

The stock’s 50 day moving average price is $73.32 and its two-hundred day moving average price is $73.85. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

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

A number of hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in BlackRock U.S. Carbon Transition Readiness ETF by 3.7% in 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 in the last quarter. JPMorgan Chase & Co. lifted its position in BlackRock U.S. Carbon Transition Readiness ETF by 22.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 784,046 shares of the company’s stock worth $56,905,000 after acquiring an additional 143,335 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 purchasing an additional 574,828 shares during the period. Park Avenue Securities LLC grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 1.2% in the fourth quarter. Park Avenue Securities LLC now owns 471,671 shares of the company’s stock worth $34,947,000 after acquiring an additional 5,807 shares during the last quarter. Finally, MML Investors Services LLC increased its position in 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 worth $18,747,000 after acquiring an additional 21,873 shares during the period.

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. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.