Navigation Group LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,154 shares of the company’s stock, valued at approximately $993,000.
Other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 266.6% in the first quarter. Goldman Sachs Group Inc. now owns 26,898 shares of the company’s stock valued at $1,630,000 after purchasing an additional 19,561 shares during the period. Jane Street Group LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the first quarter worth $797,000. First Trust Advisors LP purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter valued at $217,000. Raymond James Financial Inc. grew its position in BlackRock U.S. Carbon Transition Readiness ETF by 27.9% in the 2nd quarter. Raymond James Financial Inc. now owns 9,040 shares of the company’s stock valued at $608,000 after buying an additional 1,972 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its stake in BlackRock U.S. Carbon Transition Readiness ETF by 26.9% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 40,393 shares of the company’s stock valued at $2,717,000 after buying an additional 8,562 shares during the period.
BlackRock U.S. Carbon Transition Readiness ETF Stock Performance
Shares of BlackRock U.S. Carbon Transition Readiness ETF stock opened at $81.20 on Thursday. The company has a market cap of $1.50 billion, a P/E ratio of 25.46 and a beta of 1.02. BlackRock U.S. Carbon Transition Readiness ETF has a one year low of $67.29 and a one year high of $81.41. The firm has a fifty day moving average of $79.69 and a two-hundred day moving average of $75.90.
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.
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