Contango Wealth Management LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Free Report) 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.
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