Simplicity Wealth LLC Takes $299,000 Position in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)

Simplicity Wealth LLC purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) in the first quarter, HoldingsChannel reports. The fund purchased 4,941 shares of the company’s stock, valued at approximately $299,000.

Several other hedge funds also recently added to or reduced their stakes in LCTU. Ameriflex Group Inc. bought a new position in BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth $26,000. Transce3nd LLC acquired a new stake in shares of BlackRock U.S. Carbon Transition Readiness ETF during the fourth quarter worth $49,000. WealthTrak Capital Management LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth about $52,000. Capital A Wealth Management LLC bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter worth about $52,000. Finally, Guardian Wealth Advisors LLC NC acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the 4th quarter valued at about $67,000.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.2%

Shares of NYSEARCA:LCTU opened at $65.57 on Friday. The company has a market cap of $1.25 billion, a PE ratio of 24.91 and a beta of 1.03. BlackRock U.S. Carbon Transition Readiness ETF has a fifty-two week low of $52.48 and a fifty-two week high of $67.15. The firm has a 50-day simple moving average of $61.36 and a 200 day simple moving average of $63.24.

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.