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

Envestnet Portfolio Solutions Inc. grew its stake in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 33.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,129,793 shares of the company’s stock after purchasing an additional 286,176 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 7.50% of BlackRock U.S. Carbon Transition Readiness ETF worth $90,564,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in 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 worth $1,642,023,000 after acquiring an additional 16,059,516 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the second quarter valued at approximately $11,267,000. Capital Analysts LLC lifted its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 16.6% during the 2nd quarter. Capital Analysts LLC now owns 10,154 shares of the company’s stock valued at $814,000 after buying an additional 1,447 shares during the period. NorthRock Partners LLC purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the second quarter valued at $26,952,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 150.7% in the second quarter. Integrated Wealth Concepts LLC now owns 152,671 shares of the company’s stock valued at $12,238,000 after acquiring an additional 91,770 shares during the period.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

Shares of NYSEARCA:LCTU traded down $0.67 during trading on Wednesday, hitting $82.30. The company’s 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 12 month low of $67.95 and a 12 month high of $83.80. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02. The company has a 50-day moving average of $81.87 and a 200-day moving average of $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.