Important Investment Firm Increases Ownership Stake In WWE

WWE can be an attractive investment opportunity and recent interest from a huge firm could certainly pique interest throughout the financial world.

According to Heel By Nature, Blackrock Inc has decided to increase its ownership stake in WWE. The investment firm filed new documentation with the SEC on February 1st.

This new documentation says that Blackrock Inc. now owns 4,200,300 Class A shares of WWE. They previously owned 4,165,401 shares.

Blackrock Inc now represents a 9% ownership in WWE. They are the largest asset manager in the world and manage investments based out of New York City. In total, Blackrock Inc has $8.5 trillion in assets as of January 2021.

WWE is looking to pull through the pandemic in very strong fashion. Taking away live touring helped them save a lot of money. The ThunderDome has also been applauded throughout the industry for its innovation as well.