Waverly Advisors LLC Buys New Position in BlackRock U.S. Carbon Transition Readiness ETF $LCTU

Waverly Advisors LLC purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 91,803 shares of the company’s stock, valued at approximately $7,359,000. Waverly Advisors LLC owned approximately 0.61% of BlackRock U.S. Carbon Transition Readiness ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LCTU. Goldman Sachs Group Inc. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 266.6% during the first quarter. Goldman Sachs Group Inc. now owns 26,898 shares of the company’s stock worth $1,630,000 after purchasing an additional 19,561 shares in the last quarter. Jane Street Group LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter valued at $797,000. First Trust Advisors LP bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter valued at $217,000. Raymond James Financial Inc. increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 27.9% during the 2nd quarter. Raymond James Financial Inc. now owns 9,040 shares of the company’s stock valued at $608,000 after purchasing an additional 1,972 shares during the period. Finally, Orion Porfolio Solutions LLC increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 26.9% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 40,393 shares of the company’s stock valued at $2,717,000 after purchasing an additional 8,562 shares during the period.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

LCTU opened at $81.97 on Thursday. The company has a market capitalization of $1.24 billion, a PE ratio of 25.46 and a beta of 1.02. The stock’s fifty day moving average is $81.65 and its 200-day moving average is $77.96. BlackRock U.S. Carbon Transition Readiness ETF has a one year low of $67.95 and a one year high of $83.80.

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. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.