Envestnet Asset Management Inc. Has $351.12 Million Stake in BlackRock U.S. Carbon Transition Readiness ETF $LCTU

Envestnet Asset Management Inc. lessened its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 0.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,837,812 shares of the company’s stock after selling 21,155 shares during the period. Envestnet Asset Management Inc. owned 0.25% of BlackRock U.S. Carbon Transition Readiness ETF worth $351,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Avenue Securities LLC increased its stake in BlackRock U.S. Carbon Transition Readiness ETF by 2.4% in the third quarter. Park Avenue Securities LLC now owns 465,864 shares of the company’s stock valued at $33,812,000 after purchasing an additional 10,845 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 303,697 shares of the company’s stock worth $20,430,000 after purchasing an additional 14,696 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2,478.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 125,448 shares of the company’s stock valued at $9,105,000 after buying an additional 120,583 shares during the period. Assetmark Inc. increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 7.9% in the 2nd quarter. Assetmark Inc. now owns 122,685 shares of the company’s stock valued at $8,253,000 after buying an additional 8,957 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in BlackRock U.S. Carbon Transition Readiness ETF by 88.0% during the 2nd quarter. Osaic Holdings Inc. now owns 82,234 shares of the company’s stock worth $5,408,000 after buying an additional 38,503 shares during the period.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

Shares of NYSEARCA:LCTU opened at $74.17 on Thursday. The business’s 50 day simple moving average is $74.54 and its two-hundred day simple moving average is $72.61. The firm has a market cap of $1.43 billion, a P/E ratio of 25.46 and a beta of 1.03. BlackRock U.S. Carbon Transition Readiness ETF has a 52-week low of $52.48 and a 52-week high of $75.50.

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. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.