Kathleen S. Wright Associates Inc. Has $162,000 Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Kathleen S. Wright Associates Inc. lifted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 73.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,702 shares of the company’s stock after acquiring an additional 1,145 shares during the quarter. Kathleen S. Wright Associates Inc.’s holdings in Grayscale Bitcoin Trust were worth $162,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of GBTC. Toth Financial Advisory Corp acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth approximately $28,000. Harbor Investment Advisory LLC acquired a new position in Grayscale Bitcoin Trust during the 1st quarter worth $34,000. PFS Partners LLC acquired a new position in Grayscale Bitcoin Trust during the 1st quarter worth $50,000. Future Financial Wealth Managment LLC acquired a new position in Grayscale Bitcoin Trust during the 1st quarter worth $63,000. Finally, Roble Belko & Company Inc acquired a new position in Grayscale Bitcoin Trust during the 1st quarter worth $65,000.

Grayscale Bitcoin Trust Stock Down 2.3 %

NYSEARCA:GBTC traded down $1.28 during trading hours on Friday, hitting $53.24. 3,860,291 shares of the stock were exchanged, compared to its average volume of 12,870,373. The company’s 50 day moving average is $58.01 and its two-hundred day moving average is $51.41. Grayscale Bitcoin Trust has a twelve month low of $17.00 and a twelve month high of $65.61. The company has a market capitalization of $27.19 billion, a P/E ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust Profile

The Grayscale Bitcoin Trust (GBTC) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of bitcoin (BTC). An investment in the fund is not a direct investment in bitcoin. GBTC was launched on Jan 11, 2024 and is issued by Grayscale.