Envestnet Portfolio Solutions Inc. Purchases 286,176 Shares of BlackRock U.S. Carbon Transition Readiness ETF $LCTU

Envestnet Portfolio Solutions Inc. lifted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 33.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,129,793 shares of the company’s stock after buying an additional 286,176 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.07% of BlackRock U.S. Carbon Transition Readiness ETF worth $90,564,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LCTU. Envestnet Asset Management Inc. lifted its position 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 valued at $1,642,023,000 after acquiring an additional 16,059,516 shares in the last quarter. NorthRock Partners LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the second quarter worth $26,952,000. Integrated Wealth Concepts LLC boosted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 150.7% during the second quarter. Integrated Wealth Concepts LLC now owns 152,671 shares of the company’s stock worth $12,238,000 after acquiring an additional 91,770 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter worth $11,267,000. Finally, Sofi Wealth LLC increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 24.5% in the first quarter. Sofi Wealth LLC now owns 121,482 shares of the company’s stock worth $8,520,000 after purchasing an additional 23,873 shares during the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Stock Down 0.8%

BlackRock U.S. Carbon Transition Readiness ETF stock traded down $0.67 during midday trading on Wednesday, reaching $82.30. 94,799 shares of the stock traded hands, compared to its average volume of 57,477. The stock has a market cap of $1.24 billion, a P/E ratio of 25.46 and a beta of 1.02. BlackRock U.S. Carbon Transition Readiness ETF has a 12 month low of $67.95 and a 12 month high of $83.80. The stock’s fifty day moving average is $81.87 and its 200-day moving average is $78.45.

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.