BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Unusually-High Trading Volume

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw unusually-strong trading volume on Wednesday . Approximately 458,682 shares changed hands during mid-day trading, an increase of 658% from the previous session’s volume of 60,504 shares.The stock last traded at $60.15 and had previously closed at $59.88.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.5 %

The business has a fifty day moving average of $57.92 and a 200 day moving average of $55.79. The firm has a market cap of $1.28 billion, a P/E ratio of 25.25 and a beta of 1.00.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at about $37,000. ORG Partners LLC raised its stake in BlackRock U.S. Carbon Transition Readiness ETF by 53.0% in the fourth quarter. ORG Partners LLC now owns 1,535 shares of the company’s stock valued at $80,000 after buying an additional 532 shares during the period. Oliver Lagore Vanvalin Investment Group raised its stake in BlackRock U.S. Carbon Transition Readiness ETF by 29.4% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 2,314 shares of the company’s stock valued at $121,000 after buying an additional 526 shares during the period. AdvisorNet Financial Inc raised its stake in BlackRock U.S. Carbon Transition Readiness ETF by 18.4% in the fourth quarter. AdvisorNet Financial Inc now owns 2,340 shares of the company’s stock valued at $122,000 after buying an additional 364 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 10.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,690 shares of the company’s stock worth $141,000 after purchasing an additional 248 shares during the period.

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.