Northwestern Mutual Wealth Management Co. Acquires 240,754 Shares of iShares Bitcoin Trust ETF $IBIT

Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 1,210.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260,649 shares of the company’s stock after acquiring an additional 240,754 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Bitcoin Trust ETF were worth $12,941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. McIlrath & Eck LLC grew its position in iShares Bitcoin Trust ETF by 30.3% during the second quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after acquiring an additional 163 shares during the last quarter. Vivaldi Capital Management LP grew its position in iShares Bitcoin Trust ETF by 3.3% during the second quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after acquiring an additional 163 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in iShares Bitcoin Trust ETF by 3.3% during the third quarter. Thoroughbred Financial Services LLC now owns 5,323 shares of the company’s stock valued at $345,000 after acquiring an additional 172 shares during the last quarter. Consolidated Portfolio Review Corp grew its position in iShares Bitcoin Trust ETF by 2.3% during the third quarter. Consolidated Portfolio Review Corp now owns 7,851 shares of the company’s stock valued at $510,000 after acquiring an additional 174 shares during the last quarter. Finally, Fusion Capital LLC grew its position in iShares Bitcoin Trust ETF by 3.7% during the third quarter. Fusion Capital LLC now owns 4,993 shares of the company’s stock valued at $311,000 after acquiring an additional 178 shares during the last quarter.

iShares Bitcoin Trust ETF Trading Down 2.7%

Shares of NASDAQ IBIT opened at $40.49 on Tuesday. iShares Bitcoin Trust ETF has a one year low of $35.30 and a one year high of $71.82. The firm’s 50 day simple moving average is $42.28 and its two-hundred day simple moving average is $45.19.

iShares Bitcoin Trust ETF Company Profile

The IShares Bitcoin Trust Registered (IBIT) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. IBIT was launched on Jan 5, 2024 and is issued by BlackRock.