BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Strong Trading Volume – What’s Next?

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) saw strong trading volume on Wednesday . 40,202 shares traded hands during trading, an increase of 60% from the previous session’s volume of 25,114 shares.The stock last traded at $74.1360 and had previously closed at $75.18.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The business has a 50-day moving average of $74.54 and a 200 day moving average of $72.60. The company has a market capitalization of $1.42 billion, a PE ratio of 25.46 and a beta of 1.03.

Institutional Trading of BlackRock U.S. Carbon Transition Readiness ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the third quarter worth approximately $25,000. Kilter Group LLC bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the second quarter worth $29,000. Camelot Portfolios LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at $30,000. Clean Yield Group bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth about $31,000. Finally, WFA of San Diego LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter worth about $51,000.

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