NorthRock Partners LLC Invests $26.95 Million in BlackRock U.S. Carbon Transition Readiness ETF $LCTU

NorthRock Partners LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) during the 2nd quarter, HoldingsChannel reports. The firm bought 336,225 shares of the company’s stock, valued at approximately $26,952,000.

Other hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in BlackRock U.S. Carbon Transition Readiness ETF by 3.7% in the fourth quarter. LPL Financial LLC now owns 1,223,595 shares of the company’s stock valued at $90,657,000 after buying an additional 43,128 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 50,423.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 575,968 shares of the company’s stock valued at $42,674,000 after acquiring an additional 574,828 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 9.5% during the fourth quarter. MML Investors Services LLC now owns 253,028 shares of the company’s stock valued at $18,747,000 after acquiring an additional 21,873 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 7.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 155,912 shares of the company’s stock valued at $11,552,000 after acquiring an additional 11,187 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of BlackRock U.S. Carbon Transition Readiness ETF by 150.7% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 152,671 shares of the company’s stock valued at $12,238,000 after purchasing an additional 91,770 shares during the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Stock Down 0.7%

LCTU stock opened at $82.43 on Wednesday. The stock has a market capitalization of $1.24 billion, a PE ratio of 25.46 and a beta of 1.02. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $67.95 and a 52 week high of $83.80. The firm has a 50 day moving average of $81.61 and a 200 day moving average of $77.90.

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.