Investors Shift Gears on Climate-Focused Fund

The investment world is buzzing with activity around the BlackRock U.S. Carbon Transition Readiness ETF (LCTU). This fund, which focuses on companies with lower carbon emissions, has seen some big moves from major players.

Major Players Making Moves

• Ascent Group LLC
• Trimmed stake by 3.6%
• Sold 385 shares
• Now holds 10,202 shares

• Worth about $686,000

• LPL Financial LLC
• Boosted holdings by 6.1%
• Added 55,583 shares
• Now owns 962,677 shares

• Valued at over $58 million

• Cetera Investment Advisers
• Upped stake by 13%

• Added 33,338 shares

• Sofi Wealth LLC
• Massive leap of 655.6%

• Added 29,104 shares

• Janney Montgomery Scott LLC

• Raised stake by 27.1%

• Goldman Sachs Group Inc.
• Raised stake by 266.6%

What is LCTU?

• Exchange-Traded Fund (ETF)
• Tracks the Russell 1000 index
• Focuses on companies with lower carbon emissions
• Investing in a greener future

Performance Highlights

• Recent opening price: $73.26
• 50-day moving average: $70.70
• 200-day moving average: $65.81
• Market cap: $1.39 billion
• P/E ratio: 25.46
• 52-week low: $52.48
• 52-week high: $73.35

Investors are clearly keeping a close eye on this fund. With so much activity, it's clear that climate-focused investing is heating up.