BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sets New 1-Year High – Here’s What Happened

by · The Cerbat Gem

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $79.81 and last traded at $79.79, with a volume of 16754 shares traded. The stock had previously closed at $79.22.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The company’s 50-day simple moving average is $74.34 and its 200-day simple moving average is $74.19. The stock has a market capitalization of $1.50 billion, a P/E ratio of 25.46 and a beta of 1.02.

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

Large investors have recently modified their holdings of the stock. LPL Financial LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 3.7% in the 4th quarter. LPL Financial LLC now owns 1,223,595 shares of the company’s stock valued at $90,657,000 after acquiring an additional 43,128 shares during the period. JPMorgan Chase & Co. grew its stake in BlackRock U.S. Carbon Transition Readiness ETF by 22.4% during the third quarter. JPMorgan Chase & Co. now owns 784,046 shares of the company’s stock worth $56,905,000 after buying an additional 143,335 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in BlackRock U.S. Carbon Transition Readiness ETF by 50,423.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 575,968 shares of the company’s stock worth $42,674,000 after buying an additional 574,828 shares in the last quarter. Park Avenue Securities LLC grew its stake in BlackRock U.S. Carbon Transition Readiness ETF by 1.2% during the fourth quarter. Park Avenue Securities LLC now owns 471,671 shares of the company’s stock worth $34,947,000 after buying an additional 5,807 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 9.5% in the 4th quarter. MML Investors Services LLC now owns 253,028 shares of the company’s stock valued at $18,747,000 after purchasing an additional 21,873 shares in the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Company Profile

(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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