Sovereign Financial Group Inc. Acquires Shares of 5,901 BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)

Sovereign Financial Group Inc. bought a new stake in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,901 shares of the company’s stock, valued at approximately $378,000.

Other hedge funds have also made changes to their positions in the company. Hilltop Holdings Inc. acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 3rd quarter valued at $200,000. W.H. Cornerstone Investments Inc. acquired a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF during the third quarter worth about $224,000. Vertex Planning Partners LLC increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF by 7.5% during the third quarter. Vertex Planning Partners LLC now owns 3,628 shares of the company’s stock worth $228,000 after acquiring an additional 254 shares during the period. Physician Wealth Advisors Inc. purchased a new position in BlackRock U.S. Carbon Transition Readiness ETF during the third quarter worth about $240,000. Finally, Captrust Financial Advisors acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the third quarter valued at about $242,000.

BlackRock U.S. Carbon Transition Readiness ETF Trading Up 1.8 %

NYSEARCA LCTU opened at $64.77 on Thursday. The business’s 50 day moving average is $65.10 and its two-hundred day moving average is $62.54. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 25.25 and a beta of 1.00. BlackRock U.S. Carbon Transition Readiness ETF has a 12-month low of $51.69 and a 12-month high of $66.70.

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.