JPM Carbon Transition US Equity ETF (NYSEARCA:JCTR) Shares Down 1.6% – Here’s What Happened

JPM Carbon Transition US Equity ETF (NYSEARCA:JCTR)’s share price dropped 1.6% on Tuesday . The company traded as low as $66.97 and last traded at $66.97. Approximately 415 shares changed hands during trading, an increase of 31% from the average daily volume of 317 shares. The stock had previously closed at $68.07.

JPM Carbon Transition US Equity ETF Trading Down 1.6 %

The company’s 50-day moving average is $78.20 and its 200-day moving average is $79.38. The firm has a market cap of $6.70 million, a price-to-earnings ratio of 27.03 and a beta of 1.02.

Institutional Investors Weigh In On JPM Carbon Transition US Equity ETF

An institutional investor recently bought a new position in JPM Carbon Transition US Equity ETF stock. Citadel Advisors LLC purchased a new position in shares of JPM Carbon Transition US Equity ETF (NYSEARCA:JCTR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 22,096 shares of the company’s stock, valued at approximately $1,759,000. Citadel Advisors LLC owned approximately 29.46% of JPM Carbon Transition US Equity ETF as of its most recent filing with the SEC.

About JPM Carbon Transition US Equity ETF

The JPMorgan Carbon Transition U.S. Equity ETF (JCTR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-weighted index of large-cap US stocks that are selected with a preference toward lower carbon footprint. JCTR was launched on Dec 9, 2020 and is managed by JPMorgan Chase.