BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Shares Gap Down – What’s Next?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) gapped down prior to trading on Tuesday . The stock had previously closed at $54.82, but opened at $52.87. BlackRock U.S. Carbon Transition Readiness ETF shares last traded at $56.57, with a volume of 64,797 shares trading hands.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 1.5 %

The stock has a fifty day moving average of $63.30 and a 200-day moving average of $64.00. The stock has a market capitalization of $1.06 billion, a PE ratio of 24.93 and a beta of 1.03.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriflex Group Inc. purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at $26,000. Transce3nd LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth about $49,000. WealthTrak Capital Management LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter valued at about $52,000. Capital A Wealth Management LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth approximately $52,000. Finally, Guardian Wealth Advisors LLC NC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth approximately $67,000.

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.