Concurrent Investment Advisors LLC Buys 15,856 Shares of BlackRock U.S. Carbon Transition Readiness ETF $LCTU

Concurrent Investment Advisors LLC boosted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 349.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,388 shares of the company’s stock after purchasing an additional 15,856 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in BlackRock U.S. Carbon Transition Readiness ETF were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 22.4% during the third quarter. JPMorgan Chase & Co. now owns 784,046 shares of the company’s stock valued at $56,905,000 after purchasing an additional 143,335 shares in the last quarter. Park Avenue Securities LLC boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 1.2% during the fourth quarter. Park Avenue Securities LLC now owns 471,671 shares of the company’s stock valued at $34,947,000 after purchasing an additional 5,807 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 2,478.6% during the third quarter. Thrivent Financial for Lutherans now owns 125,448 shares of the company’s stock valued at $9,105,000 after purchasing an additional 120,583 shares in the last quarter. Assetmark Inc. boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 2.2% during the third quarter. Assetmark Inc. now owns 125,439 shares of the company’s stock valued at $9,104,000 after purchasing an additional 2,754 shares in the last quarter. Finally, Sofi Wealth LLC boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 39.8% during the third quarter. Sofi Wealth LLC now owns 78,652 shares of the company’s stock valued at $5,708,000 after purchasing an additional 22,386 shares in the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

Shares of LCTU stock opened at $76.02 on Thursday. BlackRock U.S. Carbon Transition Readiness ETF has a 1-year low of $58.94 and a 1-year high of $76.56. The stock’s 50-day moving average is $73.02 and its 200 day moving average is $73.68. The company 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 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.