Envestnet Portfolio Solutions Inc. Sells 60,444 Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)

Envestnet Portfolio Solutions Inc. trimmed its position in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,451,306 shares of the company’s stock after selling 60,444 shares during the period. Envestnet Portfolio Solutions Inc. owned 6.86% of BlackRock U.S. Carbon Transition Readiness ETF worth $92,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LCTU. Thrivent Financial for Lutherans boosted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 67.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 119,281 shares of the company’s stock worth $7,484,000 after acquiring an additional 47,989 shares during the period. Elios Financial Group Inc. acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 3rd quarter valued at $2,929,000. Integrated Wealth Concepts LLC boosted its position in BlackRock U.S. Carbon Transition Readiness ETF by 35.0% during the third quarter. Integrated Wealth Concepts LLC now owns 92,816 shares of the company’s stock worth $5,823,000 after purchasing an additional 24,064 shares during the period. One Wealth Capital Management LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at $1,188,000. Finally, Oregon Pacific Wealth Management LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at about $864,000.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

Shares of LCTU stock opened at $61.05 on Friday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 25.57 and a beta of 1.03. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $54.08 and a 52 week high of $67.15. The company has a 50-day simple moving average of $64.78 and a 200 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.