Envestnet Asset Management Inc. boosted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Free Report) by 362.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,484,323 shares of the company’s stock after acquiring an additional 16,059,516 shares during the period. Envestnet Asset Management Inc. owned 1.36% of BlackRock U.S. Carbon Transition Readiness ETF worth $1,642,023,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the stock. Wellington Grp LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 1st quarter valued at about $27,000. NewEdge Advisors LLC increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 11.9% during the first quarter. NewEdge Advisors LLC now owns 40,506 shares of the company’s stock worth $28,000 after buying an additional 4,313 shares during the period. Western Wealth Management LLC purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the first quarter worth approximately $28,000. Timbuktu Capital Management LLC acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the second quarter valued at approximately $37,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at approximately $45,000.
BlackRock U.S. Carbon Transition Readiness ETF Stock Down 0.8%
BlackRock U.S. Carbon Transition Readiness ETF stock traded down $0.67 during trading on Wednesday, reaching $82.30. The stock had a trading volume of 94,799 shares, compared to its average volume of 57,477. BlackRock U.S. Carbon Transition Readiness ETF has a 52-week low of $67.95 and a 52-week high of $83.80. The stock has a market cap of $1.24 billion, a PE ratio of 25.46 and a beta of 1.02. The business has a 50 day moving average price of $81.87 and a 200 day moving average price of $78.45.
BlackRock U.S. Carbon Transition Readiness ETF 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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