Archer Investment Management LLC Purchases New Position in BlackRock U.S. Carbon Transition Readiness ETF $LCTU

Archer Investment Management LLC purchased a new stake in BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,128 shares of the company’s stock, valued at approximately $1,195,000. Archer Investment Management LLC owned approximately 0.08% of BlackRock U.S. Carbon Transition Readiness ETF as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in shares of BlackRock U.S. Carbon Transition Readiness ETF in the third quarter valued at approximately $25,000. Kilter Group LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter valued at $29,000. WFA of San Diego LLC bought a new position in BlackRock U.S. Carbon Transition Readiness ETF in the 2nd quarter valued at $51,000. Evolution Wealth Management Inc. acquired a new position in BlackRock U.S. Carbon Transition Readiness ETF in the second quarter worth $56,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in BlackRock U.S. Carbon Transition Readiness ETF by 54.3% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,140 shares of the company’s stock worth $83,000 after purchasing an additional 401 shares in the last quarter.

BlackRock U.S. Carbon Transition Readiness ETF Stock Performance

Shares of LCTU stock opened at $70.41 on Wednesday. BlackRock U.S. Carbon Transition Readiness ETF has a 52 week low of $52.48 and a 52 week high of $75.50. The stock has a market capitalization of $1.36 billion, a PE ratio of 25.46 and a beta of 1.03. The stock’s fifty day moving average is $73.66 and its 200-day moving average is $73.49.

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.