JPMorgan Chase & Co. Has $56.91 Million Stake in BlackRock U.S. Carbon Transition Readiness ETF $LCTU

JPMorgan Chase & Co. increased its position in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 22.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 784,046 shares of the company’s stock after purchasing an additional 143,335 shares during the period. JPMorgan Chase & Co. owned approximately 4.12% of BlackRock U.S. Carbon Transition Readiness ETF worth $56,905,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LCTU. Park Avenue Securities LLC increased its stake in BlackRock U.S. Carbon Transition Readiness ETF by 2.4% during the 3rd 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. Thrivent Financial for Lutherans lifted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2,478.6% in the third 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 in the last quarter. Assetmark Inc. grew its holdings in shares of 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 buying an additional 2,754 shares during the last quarter. Osaic Holdings Inc. grew its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 88.0% during the second quarter. Osaic Holdings Inc. now owns 82,234 shares of the company’s stock valued at $5,408,000 after buying an additional 38,503 shares during the last quarter. Finally, Advisory Services Network LLC increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 0.8% during the second quarter. Advisory Services Network LLC now owns 81,489 shares of the company’s stock worth $5,614,000 after acquiring an additional 681 shares in the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

LCTU opened at $70.99 on Friday. BlackRock U.S. Carbon Transition Readiness ETF has a fifty-two week low of $52.48 and a fifty-two week high of $75.50. The firm has a market capitalization of $1.37 billion, a PE ratio of 25.46 and a beta of 1.03. The company’s 50-day moving average is $73.96 and its 200 day moving average is $73.45.

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.