Meridian Wealth Management LLC Has $246,000 Stake in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU)

Meridian Wealth Management LLC reduced its position in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 6.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,925 shares of the company’s stock after selling 270 shares during the quarter. Meridian Wealth Management LLC’s holdings in BlackRock U.S. Carbon Transition Readiness ETF were worth $246,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF during the 2nd quarter worth approximately $73,000. Continuum Advisory LLC boosted its holdings in BlackRock U.S. Carbon Transition Readiness ETF by 24.2% during the second quarter. Continuum Advisory LLC now owns 3,387 shares of the company’s stock worth $201,000 after purchasing an additional 660 shares during the last quarter. Goldstein Advisors LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the second quarter valued at $210,000. Citizens Financial Group Inc. RI bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the first quarter valued at $222,000. Finally, W.H. Cornerstone Investments Inc. acquired a new stake in BlackRock U.S. Carbon Transition Readiness ETF in the 3rd quarter valued at $224,000.

BlackRock U.S. Carbon Transition Readiness ETF Price Performance

Shares of NYSEARCA LCTU opened at $65.48 on Tuesday. The business has a 50-day moving average of $63.41 and a 200-day moving average of $60.79. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 25.25 and a beta of 1.00. BlackRock U.S. Carbon Transition Readiness ETF has a fifty-two week low of $49.61 and a fifty-two week high of $65.75.

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.