Envestnet Asset Management Inc. Decreases Position in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)

Envestnet Asset Management Inc. trimmed its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,886,215 shares of the company’s stock after selling 136,783 shares during the period. Envestnet Asset Management Inc. owned about 23.10% of BlackRock U.S. Carbon Transition Readiness ETF worth $312,962,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. World Investment Advisors LLC boosted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 0.7% during the 3rd quarter. World Investment Advisors LLC now owns 22,209 shares of the company’s stock valued at $1,393,000 after acquiring an additional 165 shares during the period. EQ LLC boosted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.2% during the fourth quarter. EQ LLC now owns 9,953 shares of the company’s stock valued at $637,000 after purchasing an additional 216 shares during the period. JFS Wealth Advisors LLC grew its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 7.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 4,271 shares of the company’s stock worth $274,000 after purchasing an additional 295 shares during the last quarter. Dohj LLC increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.0% in the fourth quarter. Dohj LLC now owns 16,276 shares of the company’s stock worth $1,043,000 after buying an additional 312 shares during the period. Finally, WBH Advisory Inc. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 4.1% during the 4th quarter. WBH Advisory Inc. now owns 8,967 shares of the company’s stock valued at $574,000 after buying an additional 352 shares during the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Stock Down 5.9 %

Shares of LCTU opened at $54.82 on Friday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 24.93 and a beta of 1.03. BlackRock U.S. Carbon Transition Readiness ETF has a twelve month low of $54.08 and a twelve month high of $67.15. The firm has a fifty day simple moving average of $63.52 and a two-hundred day simple moving average of $64.03.

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.