Bank of New York Mellon Corp Lowers Position in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)

Bank of New York Mellon Corp trimmed its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 15.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,691 shares of the company’s stock after selling 6,355 shares during the quarter. Bank of New York Mellon Corp’s holdings in BlackRock U.S. Carbon Transition Readiness ETF were worth $2,222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LCTU. 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 acquiring an additional 47,989 shares during the last quarter. Elios Financial Group Inc. bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the third quarter valued at $2,929,000. Integrated Wealth Concepts LLC grew its holdings in 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 purchasing an additional 24,064 shares during the period. One Wealth Capital Management LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at $1,188,000. Finally, Oregon Pacific Wealth Management LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter valued at $864,000.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

Shares of NYSEARCA LCTU opened at $61.28 on Friday. The stock has a market cap of $1.17 billion, a PE ratio of 25.57 and a beta of 1.03. BlackRock U.S. Carbon Transition Readiness ETF has a fifty-two week low of $54.08 and a fifty-two week high of $67.15. The stock has a fifty day moving average of $64.47 and a 200-day moving average of $64.01.

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.