Northwestern Mutual Wealth Management Co. Raises Stake in BlackRock U.S. Carbon Transition Readiness ETF $LCTU

Northwestern Mutual Wealth Management Co. grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 50,423.5% in the fourth quarter, Holdings Channel reports. The firm owned 575,968 shares of the company’s stock after acquiring an additional 574,828 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BlackRock U.S. Carbon Transition Readiness ETF were worth $42,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Asempa Wealth Advisors bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at about $846,000. Merit Financial Group LLC raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 30.5% in the fourth quarter. Merit Financial Group LLC now owns 44,223 shares of the company’s stock valued at $3,277,000 after acquiring an additional 10,348 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 22.4% in the third quarter. JPMorgan Chase & Co. now owns 784,046 shares of the company’s stock valued at $56,905,000 after acquiring an additional 143,335 shares in the last quarter. Archer Investment Management LLC bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at about $1,195,000. Finally, Orion Porfolio Solutions LLC raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 21.3% in the third quarter. Orion Porfolio Solutions LLC now owns 48,980 shares of the company’s stock valued at $3,555,000 after acquiring an additional 8,587 shares in the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

LCTU stock opened at $78.67 on Tuesday. The business has a 50-day moving average price of $73.99 and a 200 day moving average price of $74.09. The company has a market capitalization of $1.48 billion, a P/E ratio of 25.46 and a beta of 1.02. BlackRock U.S. Carbon Transition Readiness ETF has a 1-year low of $62.58 and a 1-year high of $79.81.

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.