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Merit Financial Group LLC increased its stake in shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU) by 30.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,223 shares of the company's stock after buying an additional 10,348 shares during the period.
Shares of BlackRock U.S. Carbon Transition Readiness ETF (NYSEARCA:LCTU - Get Free Report) saw strong trading volume on Friday. 24,084 shares were traded during mid-day trading, a decline of 5% from the previous session's volume of 25,470 shares.The stock last traded at $74.6590 and had previously closed at $74.28. BlackRock U.S. Carbon Transition Readiness
As of year-end 2022, U.S. insurance companies invested $37 billion in ETFs. This represented only a fraction of the $6.5 trillion in U.S. ETF assets under management and the $7.9 trillion in invested assets of U.S. insurance companies, according to a just-released report from S&P Dow Jones Indices.
The U.S. insurance industry's asset base in ETFs grew 15% to $45 billion at the end of 2021, according to a recently published research piece from S&P Dow Jones Indices. While insurance companies owned a very small slice of the then $7 trillion ETF market, the asset base for many ETFs is increasingly supported by [.
The new fund tracks companies trying to reduce emissions.
The record for launches was obliterated, and closures returned to a sedate pace not seen in years.
Momentum for the U.S. Responsible Investing industry picked up in January when President Joe Biden signed executive orders to re-enter into the Paris Climate Agreement. In 2021 through October month-end, there were 110 equity and fixed income funds that launched focused on Responsible Investing—71 RI-related ETFs and 39 RI-related mutual funds.
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SEC filings for LCTU aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.