NewEdge Advisors LLC Has $3.39 Million Stock Holdings in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)

NewEdge Advisors LLC increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 218.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,919 shares of the company’s stock after purchasing an additional 36,285 shares during the quarter. NewEdge Advisors LLC owned approximately 0.25% of BlackRock U.S. Carbon Transition Readiness ETF worth $3,389,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at approximately $52,000. PNC Financial Services Group Inc. boosted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 26.0% in 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 bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth $149,000. Perennial Investment Advisors LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at $209,000. Finally, Sovran Advisors LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter valued at about $254,000.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.3 %

Shares of NYSEARCA:LCTU opened at $57.11 on Monday. The firm has a market cap of $1.09 billion, a P/E ratio of 23.58 and a beta of 1.03. BlackRock U.S. Carbon Transition Readiness ETF has a 12 month low of $52.48 and a 12 month high of $67.15. The company’s 50-day moving average price is $61.33 and its two-hundred day moving average price is $63.57.

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.