Envestnet Portfolio Solutions Inc. Decreases Holdings in BlackRock U.S. Carbon Transition Readiness ETF $LCTU

Envestnet Portfolio Solutions Inc. lowered its stake in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 5.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 953,820 shares of the company’s stock after selling 59,322 shares during the period. Envestnet Portfolio Solutions Inc. owned 0.05% of BlackRock U.S. Carbon Transition Readiness ETF worth $69,227,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Cypress Wealth Services LLC lifted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 2.6% in the 3rd quarter. Cypress Wealth Services LLC now owns 7,091 shares of the company’s stock valued at $515,000 after purchasing an additional 180 shares during the last quarter. Endeavor Private Wealth Inc. boosted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 4.0% during the second quarter. Endeavor Private Wealth Inc. now owns 4,712 shares of the company’s stock worth $317,000 after buying an additional 183 shares during the period. Concurrent Investment Advisors LLC increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 5.3% during the third quarter. Concurrent Investment Advisors LLC now owns 4,532 shares of the company’s stock valued at $329,000 after acquiring an additional 227 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 5.7% in the second quarter. AE Wealth Management LLC now owns 4,251 shares of the company’s stock valued at $286,000 after acquiring an additional 229 shares during the period. Finally, Apollon Wealth Management LLC raised its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 6.1% in the second quarter. Apollon Wealth Management LLC now owns 4,772 shares of the company’s stock valued at $321,000 after acquiring an additional 274 shares during the period.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 0.5%

LCTU stock opened at $74.68 on Friday. The stock has a market cap of $1.44 billion, a PE ratio of 25.46 and a beta of 1.03. BlackRock U.S. Carbon Transition Readiness ETF has a 12 month low of $52.48 and a 12 month high of $75.50. The company has a 50-day moving average price of $74.11 and a 200 day moving average price of $72.14.

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.