BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Unusually-High Trading Volume

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTUGet Free Report) saw strong trading volume on Tuesday . 20,211 shares changed hands during trading, a decline of 43% from the previous session’s volume of 35,423 shares.The stock last traded at $52.23 and had previously closed at $52.46.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The company has a market capitalization of $1.72 billion, a P/E ratio of 18.18 and a beta of 1.02. The stock has a 50-day moving average price of $50.91 and a 200-day moving average price of $49.29.

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

A number of hedge funds have recently added to or reduced their stakes in LCTU. Goldman Sachs Group Inc. increased its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 19.2% in the first quarter. Goldman Sachs Group Inc. now owns 7,835 shares of the company’s stock worth $396,000 after purchasing an additional 1,264 shares in the last quarter. Prudential Financial Inc. bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the second quarter worth approximately $666,000. Thrivent Financial for Lutherans bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the second quarter valued at approximately $390,000. UBS Group AG bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the third quarter valued at approximately $63,000. Finally, Royal Bank of Canada bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the third quarter valued at approximately $450,000.

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.

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