Contango Wealth Management LLC purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Free Report) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 9,257 shares of the company’s stock, valued at approximately $649,000. BlackRock U.S. Carbon Transition Readiness ETF makes up about 0.8% of Contango Wealth Management LLC’s portfolio, making the stock its 29th largest holding.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Merit Financial Group LLC lifted its stake 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 worth $3,277,000 after acquiring an additional 10,348 shares during the period. Concurrent Investment Advisors LLC increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 349.9% during the 4th quarter. Concurrent Investment Advisors LLC now owns 20,388 shares of the company’s stock valued at $1,511,000 after purchasing an additional 15,856 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 50,423.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 575,968 shares of the company’s stock valued at $42,674,000 after purchasing an additional 574,828 shares during the period. Sofi Wealth LLC increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 24.1% during the 4th quarter. Sofi Wealth LLC now owns 97,609 shares of the company’s stock valued at $7,232,000 after purchasing an additional 18,957 shares during the period. Finally, Navigation Group LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter worth approximately $993,000.
BlackRock U.S. Carbon Transition Readiness ETF Stock Performance
Shares of NYSEARCA LCTU opened at $80.18 on Monday. The company has a market capitalization of $1.21 billion, a P/E ratio of 25.46 and a beta of 1.02. BlackRock U.S. Carbon Transition Readiness ETF has a 52-week low of $67.45 and a 52-week high of $81.41. The company’s 50 day moving average price is $79.94 and its 200-day moving average price is $76.33.
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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