BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sets New 52-Week High – Should You Buy?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $63.94 and last traded at $63.94, with a volume of 100 shares changing hands. The stock had previously closed at $63.90.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 0.4 %

The stock has a fifty day simple moving average of $61.39 and a 200-day simple moving average of $59.15. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 25.25 and a beta of 1.00.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Austin Private Wealth LLC boosted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 6.4% in the 1st quarter. Austin Private Wealth LLC now owns 35,405 shares of the company’s stock valued at $2,013,000 after purchasing an additional 2,133 shares during the period. Commonwealth Equity Services LLC boosted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 45.3% during the second quarter. Commonwealth Equity Services LLC now owns 47,865 shares of the company’s stock worth $2,844,000 after buying an additional 14,918 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 31.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 24,379 shares of the company’s stock valued at $1,400,000 after buying an additional 5,838 shares during the period. Tempus Wealth Planning LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter valued at $273,000. Finally, Cetera Investment Advisers lifted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 46.9% during the 1st quarter. Cetera Investment Advisers now owns 285,757 shares of the company’s stock worth $16,405,000 after acquiring an additional 91,251 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.