Ausdal Financial Partners Inc. Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Ausdal Financial Partners Inc. purchased a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, Holdings Channel.com reports. The fund purchased 11,535 shares of the company’s stock, valued at approximately $612,000.

Several other hedge funds have also recently modified their holdings of the stock. Financial Engines Advisors L.L.C. raised its stake in iShares Bitcoin Trust by 26.9% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 319,558 shares of the company’s stock worth $16,953,000 after acquiring an additional 67,660 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of iShares Bitcoin Trust in the fourth quarter valued at about $251,000. FineMark National Bank & Trust purchased a new position in shares of iShares Bitcoin Trust in the fourth quarter worth about $538,000. Colony Family Offices LLC acquired a new stake in shares of iShares Bitcoin Trust during the fourth quarter worth about $559,000. Finally, Modern Wealth Management LLC acquired a new position in iShares Bitcoin Trust in the 4th quarter worth approximately $408,000.

iShares Bitcoin Trust Stock Performance

Shares of NASDAQ IBIT opened at $49.44 on Friday. The company has a 50 day simple moving average of $52.88 and a two-hundred day simple moving average of $48.57. iShares Bitcoin Trust has a 12 month low of $28.23 and a 12 month high of $61.75.

About iShares Bitcoin Trust

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.