Andar Capital Management HK Ltd Makes New Investment in iShares Bitcoin Trust (NASDAQ:IBIT)

Andar Capital Management HK Ltd bought a new position in shares of iShares Bitcoin Trust (NASDAQ:IBIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 104,400 shares of the company’s stock, valued at approximately $5,538,000. iShares Bitcoin Trust makes up about 7.1% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 6th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Union Savings Bank acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. Vision Financial Markets LLC acquired a new position in shares of iShares Bitcoin Trust during the fourth quarter worth $25,000. City Holding Co. grew its stake in shares of iShares Bitcoin Trust by 95.2% during the fourth quarter. City Holding Co. now owns 488 shares of the company’s stock worth $26,000 after purchasing an additional 238 shares in the last quarter. Stephens Consulting LLC grew its stake in shares of iShares Bitcoin Trust by 62.8% during the fourth quarter. Stephens Consulting LLC now owns 490 shares of the company’s stock worth $26,000 after purchasing an additional 189 shares in the last quarter. Finally, Crewe Advisors LLC lifted its position in iShares Bitcoin Trust by 151.0% in the fourth quarter. Crewe Advisors LLC now owns 502 shares of the company’s stock valued at $27,000 after acquiring an additional 302 shares during the last quarter.

iShares Bitcoin Trust Price Performance

Shares of IBIT opened at $46.81 on Wednesday. iShares Bitcoin Trust has a 1-year low of $28.23 and a 1-year high of $61.75. The firm has a fifty day moving average price of $53.66 and a 200 day moving average price of $47.98.

iShares Bitcoin Trust 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.