iShares Bitcoin Trust ETF $IBIT Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 13.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 421,063 shares of the company’s stock after acquiring an additional 49,248 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Bitcoin Trust ETF were worth $14,017,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Morgan Stanley lifted its stake in shares of iShares Bitcoin Trust ETF by 21.5% during the 4th quarter. Morgan Stanley now owns 13,440,659 shares of the company’s stock worth $667,329,000 after purchasing an additional 2,374,482 shares during the period. Mubadala Investment Co PJSC lifted its stake in shares of iShares Bitcoin Trust ETF by 45.6% during the fourth quarter. Mubadala Investment Co PJSC now owns 12,702,323 shares of the company’s stock worth $630,670,000 after purchasing an additional 3,975,351 shares in the last quarter. Al Warda Investments RSC Ltd boosted its holdings in iShares Bitcoin Trust ETF by 3.2% in the 4th quarter. Al Warda Investments RSC Ltd now owns 8,218,712 shares of the company’s stock worth $408,059,000 after acquiring an additional 255,319 shares during the period. Schonfeld Strategic Advisors LLC boosted its stake in shares of iShares Bitcoin Trust ETF by 19.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 6,782,398 shares of the company’s stock valued at $440,856,000 after purchasing an additional 1,093,183 shares during the period. Finally, Macquarie Group Ltd. boosted its position in iShares Bitcoin Trust ETF by 16.4% in the 4th quarter. Macquarie Group Ltd. now owns 5,126,143 shares of the company’s stock valued at $254,513,000 after buying an additional 721,351 shares during the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $43.79 on Thursday. The business has a 50 day moving average price of $37.59 and a two-hundred day moving average price of $39.35. iShares Bitcoin Trust ETF has a fifty-two week low of $32.84 and a fifty-two week high of $71.82.

iShares Bitcoin Trust ETF 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.