Envestnet Portfolio Solutions Inc. lowered its stake in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Free Report) by 4.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,451,306 shares of the company’s stock after selling 60,444 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 0.07% of BlackRock U.S. Carbon Transition Readiness ETF worth $92,956,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. lifted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 26.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,748 shares of the company’s stock worth $112,000 after buying an additional 361 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth approximately $149,000. Hilltop Holdings Inc. bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 3rd quarter valued at approximately $200,000. Vertex Planning Partners LLC boosted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 7.5% during the 3rd quarter. Vertex Planning Partners LLC now owns 3,628 shares of the company’s stock valued at $228,000 after purchasing an additional 254 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 3rd quarter valued at $242,000.
BlackRock U.S. Carbon Transition Readiness ETF Price Performance
LCTU stock opened at $61.05 on Friday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 25.57 and a beta of 1.03. BlackRock U.S. Carbon Transition Readiness ETF has a 1-year low of $54.08 and a 1-year high of $67.15. The business has a fifty day moving average price of $64.78 and a 200-day moving average price of $64.03.
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.
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