Transcend Capital Advisors LLC Reduces Position in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)

Transcend Capital Advisors LLC cut its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 39.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,898 shares of the company’s stock after selling 2,551 shares during the quarter. Transcend Capital Advisors LLC’s holdings in BlackRock U.S. Carbon Transition Readiness ETF were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Park Avenue Securities LLC increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 1.1% during the fourth quarter. Park Avenue Securities LLC now owns 444,144 shares of the company’s stock valued at $28,447,000 after buying an additional 5,023 shares during the period. Thrivent Financial for Lutherans increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 67.3% during 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 period. Assetmark Inc. increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 1.1% during the third quarter. Assetmark Inc. now owns 99,988 shares of the company’s stock valued at $6,273,000 after buying an additional 1,094 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 35.0% during the third quarter. Integrated Wealth Concepts LLC now owns 92,816 shares of the company’s stock valued at $5,823,000 after buying an additional 24,064 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 0.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 87,418 shares of the company’s stock valued at $5,599,000 after buying an additional 654 shares during the period.

BlackRock U.S. Carbon Transition Readiness ETF Stock Down 1.8 %

Shares of LCTU opened at $65.59 on Monday. The business’s 50-day moving average price is $65.41 and its 200-day moving average price is $63.79. BlackRock U.S. Carbon Transition Readiness ETF has a twelve month low of $54.08 and a twelve month high of $67.15. The stock has a market cap of $1.29 billion, a PE ratio of 27.49 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.