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

Northwestern Mutual Wealth Management Co. raised its stake in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 13.2% in the second quarter, HoldingsChannel.com reports. The fund owned 421,063 shares of the company’s stock after buying 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of IBIT. McIlrath & Eck LLC boosted its stake in iShares Bitcoin Trust ETF by 30.3% during the 2nd quarter. McIlrath & Eck LLC now owns 701 shares of the company’s stock valued at $43,000 after purchasing an additional 163 shares during the period. Vivaldi Capital Management LP boosted its stake in iShares Bitcoin Trust ETF by 3.3% during the 2nd quarter. Vivaldi Capital Management LP now owns 5,138 shares of the company’s stock valued at $314,000 after purchasing an additional 163 shares in the last quarter. Channel Wealth LLC boosted its stake in iShares Bitcoin Trust ETF by 5.7% during the fourth quarter. Channel Wealth LLC now owns 4,293 shares of the company’s stock valued at $213,000 after buying an additional 233 shares in the last quarter. Retirement Planning Group LLC boosted its position in shares of iShares Bitcoin Trust ETF by 2.0% during the 1st quarter. Retirement Planning Group LLC now owns 12,783 shares of the company’s stock valued at $491,000 after purchasing an additional 245 shares in the last quarter. Finally, Investment Partners LTD. boosted its holdings in iShares Bitcoin Trust ETF by 0.6% during the fourth quarter. Investment Partners LTD. now owns 42,162 shares of the company’s stock worth $2,093,000 after buying an additional 250 shares in the last quarter.

iShares Bitcoin Trust ETF Stock Performance

Shares of NASDAQ IBIT opened at $43.79 on Thursday. iShares Bitcoin Trust ETF has a 52-week low of $32.84 and a 52-week high of $71.82. The stock’s fifty day simple moving average is $37.59 and its 200 day simple moving average is $39.35.

About iShares Bitcoin Trust ETF

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.