Northwestern Mutual Wealth Management Co. Has $17.67 Million Stake in iShares Advantage Large Cap Income ETF $BALI

Northwestern Mutual Wealth Management Co. boosted its position in iShares Advantage Large Cap Income ETF (BATS:BALI) by 102.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 557,668 shares of the company’s stock after buying an additional 282,090 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 2.35% of iShares Advantage Large Cap Income ETF worth $17,667,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BALI. Bank of America Corp DE lifted its holdings in iShares Advantage Large Cap Income ETF by 71,009.1% in the third quarter. Bank of America Corp DE now owns 297,236 shares of the company’s stock valued at $9,434,000 after buying an additional 296,818 shares during the period. Ameriprise Financial Inc. lifted its holdings in iShares Advantage Large Cap Income ETF by 11.5% in the third quarter. Ameriprise Financial Inc. now owns 1,226,644 shares of the company’s stock valued at $38,883,000 after buying an additional 126,092 shares during the period. Diversify Advisory Services LLC acquired a new position in iShares Advantage Large Cap Income ETF in the third quarter valued at $3,628,000. Prevail Innovative Wealth Advisors LLC acquired a new position in iShares Advantage Large Cap Income ETF in the fourth quarter valued at $3,253,000. Finally, Next Level Private LLC acquired a new position in iShares Advantage Large Cap Income ETF in the fourth quarter valued at $3,244,000.

iShares Advantage Large Cap Income ETF Price Performance

BALI stock opened at $34.26 on Monday. The firm has a market cap of $37.00 million, a price-to-earnings ratio of 23.77 and a beta of 0.85. iShares Advantage Large Cap Income ETF has a 12-month low of $28.80 and a 12-month high of $34.50. The company’s fifty day simple moving average is $32.40 and its 200 day simple moving average is $32.04.

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.