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

Northwestern Mutual Wealth Management Co. lifted its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 1,210.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 260,649 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Laurore Ltd bought a new position in shares of iShares Bitcoin Trust ETF in the fourth quarter worth approximately $436,239,000. Schonfeld Strategic Advisors LLC grew its holdings 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 worth $440,856,000 after purchasing an additional 1,093,183 shares during the last quarter. Sculptor Capital LP lifted its stake in iShares Bitcoin Trust ETF by 59.5% in the second quarter. Sculptor Capital LP now owns 4,487,247 shares of the company’s stock worth $274,664,000 after acquiring an additional 1,673,788 shares during the period. 59 North Capital Management LP purchased a new stake in iShares Bitcoin Trust ETF in the third quarter worth $169,100,000. Finally, Crcm LP lifted its stake in iShares Bitcoin Trust ETF by 37.7% in the third quarter. Crcm LP now owns 2,214,074 shares of the company’s stock worth $143,915,000 after acquiring an additional 605,992 shares during the period.

iShares Bitcoin Trust ETF Stock Down 2.7%

Shares of IBIT stock opened at $40.49 on Tuesday. The stock has a fifty day moving average of $42.28 and a 200 day moving average of $45.19. iShares Bitcoin Trust ETF has a 52 week low of $35.30 and a 52 week high of $71.82.

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.