Andar Capital Management HK Ltd Takes Position in iShares Bitcoin Trust (NASDAQ:IBIT)

Andar Capital Management HK Ltd bought a new stake in iShares Bitcoin Trust (NASDAQ:IBIT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 104,400 shares of the company’s stock, valued at approximately $5,538,000. iShares Bitcoin Trust accounts for approximately 7.1% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBIT. Union Savings Bank purchased a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. Vision Financial Markets LLC purchased a new stake in iShares Bitcoin Trust in the fourth quarter valued at approximately $25,000. City Holding Co. raised its position in iShares Bitcoin Trust by 95.2% in the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock valued at $26,000 after purchasing an additional 238 shares during the period. Stephens Consulting LLC grew its stake in shares of iShares Bitcoin Trust by 62.8% in the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after acquiring an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock worth $27,000 after acquiring an additional 302 shares in the last quarter.

iShares Bitcoin Trust Stock Performance

NASDAQ:IBIT opened at $46.81 on Wednesday. The company has a fifty day simple moving average of $53.66 and a two-hundred day simple moving average of $47.98. iShares Bitcoin Trust has a 52 week low of $28.23 and a 52 week high of $61.75.

iShares Bitcoin Trust Company Profile

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.