Envestnet Asset Management Inc. Increases Stock Holdings in BlackRock U.S. Carbon Transition Readiness ETF $LCTU

Envestnet Asset Management Inc. raised its position in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 362.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,484,323 shares of the company’s stock after acquiring an additional 16,059,516 shares during the quarter. Envestnet Asset Management Inc. owned approximately 135.93% of BlackRock U.S. Carbon Transition Readiness ETF worth $1,642,023,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. NorthRock Partners LLC purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the second quarter worth about $26,952,000. Integrated Wealth Concepts LLC boosted its stake in shares of 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 purchasing an additional 91,770 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the second quarter valued at approximately $11,267,000. Sofi Wealth LLC grew its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 24.5% in the first quarter. Sofi Wealth LLC now owns 121,482 shares of the company’s stock valued at $8,520,000 after purchasing an additional 23,873 shares in the last quarter. Finally, Advisory Solutions Group LLC purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter worth approximately $7,638,000.

BlackRock U.S. Carbon Transition Readiness ETF Trading Down 0.8%

LCTU traded down $0.67 during trading hours on Wednesday, hitting $82.30. 94,799 shares of the company’s stock were exchanged, compared to its average volume of 57,477. The firm has a market cap of $1.24 billion, a P/E ratio of 25.46 and a beta of 1.02. 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 50 day moving average of $81.87 and a 200 day moving average of $78.45.

BlackRock U.S. Carbon Transition Readiness ETF 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.