BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sets New 12-Month High – Still a Buy?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTUGet Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $81.27 and last traded at $81.21, with a volume of 12288 shares traded. The stock had previously closed at $80.85.

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

The business’s 50 day moving average is $79.38 and its two-hundred day moving average is $75.73. The company has a market cap of $1.50 billion, a PE ratio of 25.46 and a beta of 1.02.

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

Several large investors have recently made changes to their positions in LCTU. Centurion Wealth Management LLC boosted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.8% in the second quarter. Centurion Wealth Management LLC now owns 6,220 shares of the company’s stock worth $499,000 after acquiring an additional 169 shares during the period. Focus Financial Network Inc. raised its stake in BlackRock U.S. Carbon Transition Readiness ETF by 61.7% during the 2nd quarter. Focus Financial Network Inc. now owns 8,369 shares of the company’s stock valued at $671,000 after purchasing an additional 3,192 shares during the period. Sax Wealth Advisors LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter worth approximately $241,000. Ehrlich Financial Group lifted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 7.7% in the 2nd quarter. Ehrlich Financial Group now owns 3,244 shares of the company’s stock worth $260,000 after purchasing an additional 232 shares in the last quarter. Finally, Contango Wealth Management LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter worth approximately $649,000.

About BlackRock U.S. Carbon Transition Readiness ETF

(Get Free Report)

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.

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