BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) Sees Strong Trading Volume – Still a Buy?

BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) shares saw strong trading volume on Wednesday . 130,551 shares changed hands during mid-day trading, an increase of 201% from the previous session’s volume of 43,366 shares.The stock last traded at $64.71 and had previously closed at $64.75.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 0.0 %

The stock has a market cap of $1.27 billion, a PE ratio of 27.49 and a beta of 1.03. The business has a 50-day moving average price of $65.36 and a 200-day moving average price of $63.88.

Institutional Trading of BlackRock U.S. Carbon Transition Readiness ETF

Several hedge funds have recently made changes to their positions in LCTU. Ameriflex Group Inc. acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter valued at about $26,000. Transce3nd LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth approximately $49,000. Capital A Wealth Management LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth about $52,000. WealthTrak Capital Management LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth $52,000. Finally, Guardian Wealth Advisors LLC NC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth about $67,000.

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.