Northwestern Mutual Wealth Management Co. Acquires New Stake in iShares U.S. Credit Bond ETF (CRED)

Northwestern Mutual Wealth Management Co. bought a new stake in shares of iShares U.S. Credit Bond ETF (NASDAQ:CRED) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 61,794 shares of the company’s stock, valued at approximately $3,313,000. Northwestern Mutual Wealth Management Co. owned 0.44% of iShares U.S. Credit Bond ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CRED. Allianz Asset Management GmbH boosted its stake in shares of iShares U.S. Credit Bond ETF by 25.7% during the first quarter. Allianz Asset Management GmbH now owns 237,338 shares of the company’s stock valued at $25,863,000 after purchasing an additional 48,452 shares during the period. Trust Department MB Financial Bank N A lifted its stake in iShares U.S. Credit Bond ETF by 211.1% in the second quarter. Trust Department MB Financial Bank N A now owns 9,958 shares of the company’s stock worth $1,067,000 after acquiring an additional 6,757 shares during the period. Bank of Montreal Can lifted its stake in iShares U.S. Credit Bond ETF by 7.2% in the second quarter. Bank of Montreal Can now owns 172,236 shares of the company’s stock worth $18,452,000 after acquiring an additional 11,614 shares during the period. Cornerstone Wealth Management LLC lifted its stake in iShares U.S. Credit Bond ETF by 10,931.4% in the second quarter. Cornerstone Wealth Management LLC now owns 654,274 shares of the company’s stock worth $6,123,000 after acquiring an additional 648,343 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in iShares U.S. Credit Bond ETF by 1,840.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 970 shares of the company’s stock worth $104,000 after acquiring an additional 920 shares during the period.

NASDAQ:CRED opened at $107.61 on Thursday. iShares U.S. Credit Bond ETF has a 1-year low of $106.38 and a 1-year high of $112.93.

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About iShares U.S. Credit Bond ETF

iShares Credit Bond ETF (the Fund), formerly iShares Barclays Credit Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Barclays U.S. Credit Bond Index (the Index), which measures the performance of investment-grade corporate debt and sovereign, supranational, local authority and non-United States agency bonds that are the United States dollar denominated and have a remaining maturity of greater than or equal to one year.

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Institutional Ownership by Quarter for iShares U.S. Credit Bond ETF (NASDAQ:CRED)

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