Avise Financial Cooperative Inc. bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 101,386 shares of the company’s stock, valued at approximately $7,512,000. BlackRock U.S. Carbon Transition Readiness ETF makes up 6.8% of Avise Financial Cooperative Inc.’s holdings, making the stock its 2nd biggest position.
Other hedge funds also recently added to or reduced their stakes in the company. Camelot Portfolios LLC acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF during the 4th quarter worth approximately $30,000. Clean Yield Group purchased a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth approximately $31,000. WFA of San Diego LLC acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the second quarter valued at approximately $51,000. Northwestern Mutual Wealth Management Co. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 54.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,140 shares of the company’s stock valued at $83,000 after acquiring an additional 401 shares in the last quarter. Finally, Evolution Wealth Management Inc. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 94.0% in the fourth quarter. Evolution Wealth Management Inc. now owns 1,686 shares of the company’s stock valued at $125,000 after acquiring an additional 817 shares in the last quarter.
BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.5%
Shares of NYSEARCA:LCTU opened at $81.01 on Friday. BlackRock U.S. Carbon Transition Readiness ETF has a fifty-two week low of $64.48 and a fifty-two week high of $81.26. The firm’s 50 day moving average price is $76.16 and its 200 day moving average price is $74.66. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 25.46 and a beta of 1.02.
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.
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