9,257 Shares in BlackRock U.S. Carbon Transition Readiness ETF $LCTU Bought by Contango Wealth Management LLC

Contango Wealth Management LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 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 investment portfolio, making the stock its 29th largest holding.

Several other large investors have also recently bought and sold shares of LCTU. Wellington Grp LLC bought a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the first quarter worth about $27,000. NewEdge Advisors LLC raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 11.9% in the 1st quarter. NewEdge Advisors LLC now owns 40,506 shares of the company’s stock valued at $28,000 after buying an additional 4,313 shares during the last quarter. Western Wealth Management LLC acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 1st quarter worth approximately $28,000. Camelot Portfolios LLC acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth approximately $30,000. Finally, Clean Yield Group bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth approximately $31,000.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

LCTU opened at $80.18 on Monday. BlackRock U.S. Carbon Transition Readiness ETF has a fifty-two week low of $67.45 and a fifty-two week high of $81.41. The company’s 50 day moving average price is $79.94 and its two-hundred day moving average price is $76.33. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.

BlackRock U.S. Carbon Transition Readiness ETF Company 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.