Diversify Advisory Services LLC Reduces Stake in BlackRock World ex U.S. Carbon Transition Readiness ETF

Diversify Advisory Services LLC has decreased its investment in the BlackRock World ex U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTD) by 9.0% during the third quarter of the year, as reported by Holdings Channel.com. After selling 769 shares, the fund now holds a total of 7,743 shares of this ETF.

According to the latest filing with the Securities and Exchange Commission, Diversify Advisory Services LLC's stake in the BlackRock ETF is valued at approximately $363,000. This reduction in position highlights the fund's strategy in managing its investment portfolio.

Other hedge funds have also made adjustments to their holdings in this ETF. For instance, International Assets Investment Management LLC has purchased a new stake worth $118,180,000 in the BlackRock World ex U.S Carbon Transition Readiness ETF during the third quarter. Similarly, Williams Financial LLC acquired a new stake worth around $1,945,000 in the second quarter.

CWM LLC made significant changes by increasing its stake by 53.4% during the third quarter, resulting in ownership of 92,567 shares valued at $4,503,000, following an acquisition of 32,213 additional shares.

Furthermore, Cetera Investment Advisers boosted its position by 47.5% earlier this year, acquiring an additional 20,234 shares to reach a total of 62,871 shares worth $2,872,000. Sanctuary Advisors LLC also entered the field by acquiring a new position valued at approximately $693,000 in the same second quarter.

Current Trading Conditions for BlackRock World ex U.S. Carbon Transition Readiness ETF

On the trading front, the BlackRock World ex U.S. Carbon Transition Readiness ETF opened at $45.83. It has seen a 50-day moving average of $47.38 along with a 200-day moving average of $46.11. The ETF experienced a low of $38.46 and a high of $50.97 over the past twelve months, and it currently holds a market capitalization of $292.39 million alongside a price-to-earnings ratio of 15.85.

Overview of BlackRock World ex U.S. Carbon Transition Readiness ETF

The BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) is an exchange-traded fund (ETF) that tracks companies in developed markets outside of the United States. This actively managed fund focuses on enterprises that are expected to thrive in a low-carbon economy.

In conclusion, the adjustments by Diversify Advisory Services LLC and other institutional investors reflect the dynamic nature of investment strategies in the ETF market, especially concerning funds that emphasize sustainability and carbon transition readiness.

ETF, Investment, Finance