BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Unusually-High Trading Volume – Here’s Why

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) shares saw strong trading volume on Wednesday . 63,037 shares traded hands during mid-day trading, an increase of 105% from the previous session’s volume of 30,721 shares.The stock last traded at $64.24 and had previously closed at $64.36.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

The business’s 50 day simple moving average is $64.97 and its 200 day simple moving average is $62.39. The stock has a market cap of $1.36 billion, a P/E ratio of 25.25 and a beta of 1.00.

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

Several institutional investors have recently added to or reduced their stakes in LCTU. World Investment Advisors LLC raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 0.7% in the third quarter. World Investment Advisors LLC now owns 22,209 shares of the company’s stock valued at $1,393,000 after buying an additional 165 shares during the last quarter. Spectrum Planning & Advisory Services Inc. lifted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 1.8% during the third quarter. Spectrum Planning & Advisory Services Inc. now owns 9,660 shares of the company’s stock worth $606,000 after purchasing an additional 170 shares in the last quarter. MA Private Wealth grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 0.6% during the third quarter. MA Private Wealth now owns 30,300 shares of the company’s stock valued at $1,901,000 after purchasing an additional 183 shares during the last quarter. Savvy Advisors Inc. increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.2% in the third quarter. Savvy Advisors Inc. now owns 8,522 shares of the company’s stock valued at $535,000 after purchasing an additional 184 shares in the last quarter. Finally, Vertex Planning Partners LLC raised its position in BlackRock U.S. Carbon Transition Readiness ETF by 7.5% in the 3rd quarter. Vertex Planning Partners LLC now owns 3,628 shares of the company’s stock worth $228,000 after purchasing an additional 254 shares during the last quarter.

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.