Merit Financial Group LLC Acquires 10,348 Shares of BlackRock U.S. Carbon Transition Readiness ETF $LCTU

Merit Financial Group LLC raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 30.5% during the fourth quarter, HoldingsChannel reports. The fund owned 44,223 shares of the company’s stock after purchasing an additional 10,348 shares during the quarter. Merit Financial Group LLC’s holdings in BlackRock U.S. Carbon Transition Readiness ETF were worth $3,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LCTU. JPMorgan Chase & Co. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 22.4% during the 3rd 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 during the period. Thrivent Financial for Lutherans raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 2,478.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 125,448 shares of the company’s stock valued at $9,105,000 after acquiring an additional 120,583 shares during the period. Osaic Holdings Inc. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 88.0% during the 2nd quarter. Osaic Holdings Inc. now owns 82,234 shares of the company’s stock valued at $5,408,000 after acquiring an additional 38,503 shares during the period. Sofi Wealth LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 39.8% during the 3rd quarter. Sofi Wealth LLC now owns 78,652 shares of the company’s stock valued at $5,708,000 after acquiring an additional 22,386 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 266.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,898 shares of the company’s stock valued at $1,630,000 after acquiring an additional 19,561 shares during the period.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

Shares of LCTU stock opened at $76.32 on Monday. The company’s fifty day simple moving average is $72.70 and its two-hundred day simple moving average is $73.50. BlackRock U.S. Carbon Transition Readiness ETF has a 1 year low of $55.16 and a 1 year high of $76.55. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 25.46 and a beta of 1.03.

About BlackRock U.S. Carbon Transition Readiness ETF

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.