BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Large Volume Increase

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) shares saw unusually-high trading volume on Thursday . Approximately 57,663 shares changed hands during mid-day trading, an increase of 10% from the previous session’s volume of 52,624 shares.The stock last traded at $60.44 and had previously closed at $60.30.

BlackRock U.S. Carbon Transition Readiness ETF Trading Down 1.6 %

The company has a market cap of $1.25 billion, a P/E ratio of 25.25 and a beta of 1.00. The company has a 50 day moving average price of $59.99 and a 200-day moving average price of $57.99.

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

Hedge funds have recently made changes to their positions in the stock. Principal Securities Inc. acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth about $37,000. ORG Partners LLC bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the second quarter worth about $73,000. EverSource Wealth Advisors LLC increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 10.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,690 shares of the company’s stock valued at $141,000 after buying an additional 248 shares during the period. Axxcess Wealth Management LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter valued at approximately $201,000. Finally, Continuum Advisory LLC boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 24.2% during the 2nd quarter. Continuum Advisory LLC now owns 3,387 shares of the company’s stock worth $201,000 after buying an additional 660 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.