Northwestern Mutual Wealth Management Co. Raises Stock Holdings in BlackRock World ex U.S. Carbon Transition Readiness ETF $LCTD

Northwestern Mutual Wealth Management Co. raised its position in BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) by 1,211,908.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,508,857 shares of the company’s stock after purchasing an additional 2,508,650 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.61% of BlackRock World ex U.S. Carbon Transition Readiness ETF worth $137,134,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the second quarter worth approximately $76,000. Advisory Services Network LLC purchased a new stake in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the third quarter worth approximately $105,000. CoreCap Advisors LLC raised its stake in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF by 11.6% during the fourth quarter. CoreCap Advisors LLC now owns 2,604 shares of the company’s stock worth $142,000 after purchasing an additional 271 shares during the last quarter. Keystone Financial Services purchased a new stake in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the third quarter worth approximately $202,000. Finally, Archer Investment Management LLC purchased a new stake in shares of BlackRock World ex U.S. Carbon Transition Readiness ETF during the fourth quarter worth approximately $208,000.

BlackRock World ex U.S. Carbon Transition Readiness ETF Price Performance

BlackRock World ex U.S. Carbon Transition Readiness ETF stock opened at $57.17 on Friday. BlackRock World ex U.S. Carbon Transition Readiness ETF has a 12 month low of $48.94 and a 12 month high of $60.28. The business has a 50 day simple moving average of $56.86 and a 200-day simple moving average of $56.18. The stock has a market capitalization of $235.54 million, a PE ratio of 17.23 and a beta of 0.80.

BlackRock World ex U.S. Carbon Transition Readiness ETF Profile

The BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is an exchange-traded fund that is based on the MSCI World ex USA index. The fund is an actively managed fund that targets companies in developed markets outside of the US that are considered to be equipped for a low-carbon economy transition. LCTD was launched on Apr 6, 2021 and is managed by BlackRock.