Northwestern Mutual Wealth Management Co. Acquires 282,090 Shares of iShares Advantage Large Cap Income ETF $BALI

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares Advantage Large Cap Income ETF (BATS:BALI) by 102.4% in the 4th quarter, HoldingsChannel reports. The fund owned 557,668 shares of the company’s stock after purchasing an additional 282,090 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Advantage Large Cap Income ETF were worth $17,667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Spire Wealth Management increased its position in shares of iShares Advantage Large Cap Income ETF by 978.7% during the fourth quarter. Spire Wealth Management now owns 2,837 shares of the company’s stock worth $90,000 after acquiring an additional 2,574 shares in the last quarter. Truist Financial Corp bought a new stake in shares of iShares Advantage Large Cap Income ETF during the fourth quarter worth about $202,000. Tennessee Valley Asset Management Partners bought a new stake in shares of iShares Advantage Large Cap Income ETF during the third quarter worth about $203,000. Clear Creek Financial Management LLC bought a new stake in shares of iShares Advantage Large Cap Income ETF during the fourth quarter worth about $203,000. Finally, NewEdge Advisors LLC increased its position in shares of iShares Advantage Large Cap Income ETF by 6.4% during the first quarter. NewEdge Advisors LLC now owns 6,533 shares of the company’s stock worth $188,000 after acquiring an additional 394 shares in the last quarter.

iShares Advantage Large Cap Income ETF Price Performance

BATS:BALI opened at $34.26 on Monday. The firm has a 50-day moving average of $32.40 and a 200-day moving average of $32.04. The company has a market cap of $37.00 million, a PE ratio of 23.77 and a beta of 0.85. iShares Advantage Large Cap Income ETF has a one year low of $28.80 and a one year high of $34.50.

About iShares Advantage Large Cap Income ETF

The BlackRock Advantage Large Cap Income ETF (BALI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed ETF that holds a portfolio of US large-cap equity securities. The fund seeks to achieve its investment objective by utilizing proprietary return forecast models combined with quantitative analysis methods BALI was launched on Sep 26, 2023 and is issued by BlackRock.