BlackRock U.S. Carbon Transition Readiness ETF $LCTU Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 22.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 784,046 shares of the company’s stock after buying an additional 143,335 shares during the quarter. JPMorgan Chase & Co.’s holdings in BlackRock U.S. Carbon Transition Readiness ETF were worth $56,905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 2,478.6% in the third quarter. Thrivent Financial for Lutherans now owns 125,448 shares of the company’s stock valued at $9,105,000 after acquiring an additional 120,583 shares during the last quarter. Osaic Holdings Inc. raised its holdings in shares of BlackRock U.S. Carbon Transition Readiness ETF by 88.0% in the 2nd quarter. Osaic Holdings Inc. now owns 82,234 shares of the company’s stock worth $5,408,000 after purchasing an additional 38,503 shares during the period. Sofi Wealth LLC lifted its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 67.7% in the 2nd quarter. Sofi Wealth LLC now owns 56,266 shares of the company’s stock valued at $3,785,000 after purchasing an additional 22,723 shares in the last quarter. GeoWealth Management LLC increased its position in BlackRock U.S. Carbon Transition Readiness ETF by 61.6% during the 2nd quarter. GeoWealth Management LLC now owns 59,403 shares of the company’s stock worth $3,996,000 after purchasing an additional 22,648 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 266.6% in the first quarter. Goldman Sachs Group Inc. now owns 26,898 shares of the company’s stock valued at $1,630,000 after buying an additional 19,561 shares during the period.

BlackRock U.S. Carbon Transition Readiness ETF Stock Up 0.8%

Shares of LCTU stock opened at $74.69 on Thursday. BlackRock U.S. Carbon Transition Readiness ETF has a fifty-two week low of $52.48 and a fifty-two week high of $75.50. The firm’s 50 day moving average price is $74.54 and its two-hundred day moving average price is $73.17. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 25.46 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. LCTU was launched on Apr 6, 2021 and is managed by BlackRock.