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

Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Get Rating) saw unusually-high trading volume on Friday . Approximately 514,973 shares traded hands during mid-day trading, an increase of 659% from the previous session’s volume of 67,887 shares.The stock last traded at $43.18 and had previously closed at $43.70.

BlackRock U.S. Carbon Transition Readiness ETF Trading Down 1.2 %

The firm has a market capitalization of $1.40 billion, a P/E ratio of 18.18 and a beta of 1.02. The company has a 50 day simple moving average of $44.49 and a two-hundred day simple moving average of $43.40.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 48.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 3,929,844 shares of the company’s stock valued at $166,704,000 after acquiring an additional 1,284,265 shares during the last quarter. Credit Suisse AG boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 5.6% during the 4th quarter. Credit Suisse AG now owns 1,045,000 shares of the company’s stock valued at $44,329,000 after acquiring an additional 55,000 shares during the last quarter. CWM LLC boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 37.0% during the 4th quarter. CWM LLC now owns 445,360 shares of the company’s stock valued at $18,892,000 after acquiring an additional 120,301 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter valued at approximately $12,670,000. Finally, Advisor Group Holdings Inc. boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 38.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 290,074 shares of the company’s stock valued at $12,308,000 after acquiring an additional 80,647 shares during the last quarter.

About BlackRock U.S. Carbon Transition Readiness ETF

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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.