Sovran Advisors LLC Purchases Shares of 3,999 BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)

Sovran Advisors LLC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,999 shares of the company’s stock, valued at approximately $254,000.

Several other hedge funds have also modified their holdings of LCTU. Merit Financial Group LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF in the fourth quarter worth approximately $262,000. HighTower Advisors LLC lifted its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 3.2% during the 3rd quarter. HighTower Advisors LLC now owns 25,870 shares of the company’s stock worth $1,623,000 after purchasing an additional 797 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the 3rd quarter worth $242,000. Claro Advisors LLC grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 59.9% during the third quarter. Claro Advisors LLC now owns 10,273 shares of the company’s stock worth $645,000 after purchasing an additional 3,848 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 67.3% in the third quarter. Thrivent Financial for Lutherans now owns 119,281 shares of the company’s stock valued at $7,484,000 after buying an additional 47,989 shares during the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

BlackRock U.S. Carbon Transition Readiness ETF stock opened at $66.74 on Friday. The stock’s fifty day moving average is $65.36 and its two-hundred day moving average is $63.36. The stock has a market cap of $1.41 billion, a PE ratio of 25.25 and a beta of 1.00. BlackRock U.S. Carbon Transition Readiness ETF has a 1-year low of $54.08 and a 1-year high of $66.80.

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.