Park Avenue Securities LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Free Report) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 391,010 shares of the company’s stock, valued at approximately $31,934,000.
A number of other hedge funds also recently bought and sold shares of LCTU. Envestnet Asset Management Inc. boosted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 362.9% in the second quarter. Envestnet Asset Management Inc. now owns 20,484,323 shares of the company’s stock worth $1,642,023,000 after buying an additional 16,059,516 shares during the period. NorthRock Partners LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the second quarter valued at approximately $26,952,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 33.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,129,793 shares of the company’s stock valued at $90,564,000 after acquiring an additional 286,176 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the second quarter valued at approximately $11,267,000. Finally, Advisory Solutions Group LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter valued at approximately $7,638,000.
BlackRock U.S. Carbon Transition Readiness ETF Stock Performance
Shares of NYSEARCA:LCTU opened at $81.78 on Tuesday. The firm has a 50 day simple moving average of $82.38 and a 200 day simple moving average of $78.14. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $67.95 and a 52 week high of $83.80. The company has a market cap of $1.18 billion, a PE ratio of 25.46 and a beta of 1.02.
BlackRock U.S. Carbon Transition Readiness ETF Company Profile
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. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.
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Want to see what other hedge funds are holding LCTU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Free Report).
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