Andar Capital Management HK Ltd Acquires 28,000 Shares of iShares Bitcoin Trust ETF $IBIT

Andar Capital Management HK Ltd raised its position in iShares Bitcoin Trust ETF (NASDAQ:IBIT) by 31.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,000 shares of the company’s stock after buying an additional 28,000 shares during the quarter. iShares Bitcoin Trust ETF comprises about 7.8% of Andar Capital Management HK Ltd’s portfolio, making the stock its 5th largest position. Andar Capital Management HK Ltd’s holdings in iShares Bitcoin Trust ETF were worth $7,670,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sachetta LLC increased its holdings in shares of iShares Bitcoin Trust ETF by 793.0% during the third quarter. Sachetta LLC now owns 384 shares of the company’s stock worth $25,000 after buying an additional 341 shares in the last quarter. Roble Belko & Company Inc grew its position in iShares Bitcoin Trust ETF by 77.2% during the 3rd quarter. Roble Belko & Company Inc now owns 459 shares of the company’s stock worth $30,000 after acquiring an additional 200 shares during the last quarter. Semmax Financial Advisors Inc. increased its holdings in iShares Bitcoin Trust ETF by 135.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 493 shares of the company’s stock worth $33,000 after purchasing an additional 284 shares in the last quarter. Highline Wealth Partners LLC raised its position in iShares Bitcoin Trust ETF by 150.0% in the third quarter. Highline Wealth Partners LLC now owns 500 shares of the company’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Finally, WFA of San Diego LLC bought a new position in iShares Bitcoin Trust ETF in the second quarter valued at about $34,000.

iShares Bitcoin Trust ETF Price Performance

Shares of IBIT stock opened at $38.97 on Friday. iShares Bitcoin Trust ETF has a 1-year low of $35.30 and a 1-year high of $71.82. The stock has a 50-day moving average of $48.67 and a 200-day moving average of $57.23.

iShares Bitcoin Trust ETF 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.