Advisory Services Network LLC Cuts Position in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)

Advisory Services Network LLC reduced its position in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 3.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 94,060 shares of the company’s stock after selling 3,149 shares during the period. Advisory Services Network LLC’s holdings in BlackRock U.S. Carbon Transition Readiness ETF were worth $6,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. WealthTrak Capital Management LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth about $52,000. PNC Financial Services Group Inc. lifted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 26.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,748 shares of the company’s stock worth $112,000 after purchasing an additional 361 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at approximately $149,000. Perennial Investment Advisors LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at approximately $209,000. Finally, Captrust Financial Advisors purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 3rd quarter worth approximately $242,000.

BlackRock U.S. Carbon Transition Readiness ETF Stock Down 1.5 %

Shares of LCTU stock opened at $53.69 on Wednesday. The firm has a 50 day moving average of $62.81 and a two-hundred day moving average of $63.86. The stock has a market capitalization of $1.02 billion, a PE ratio of 24.93 and a beta of 1.03. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $52.48 and a 52 week high of $67.15.

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.