10,397 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Bought by Montag A & Associates Inc.

Montag A & Associates Inc. bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,397 shares of the company’s stock, valued at approximately $657,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Optimum Investment Advisors acquired a new position in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $95,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $370,000. Opal Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $262,000. Level Financial Advisors purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $255,000. Finally, Brookstone Capital Management purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $8,435,000.

Grayscale Bitcoin Trust Trading Up 10.5 %

Shares of GBTC stock traded up $5.39 on Monday, hitting $56.53. 2,847,362 shares of the stock were exchanged, compared to its average volume of 12,201,768. The firm has a market capitalization of $28.87 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a one year low of $17.00 and a one year high of $65.61. The firm’s 50 day moving average is $57.33 and its two-hundred day moving average is $52.56.

Grayscale Bitcoin Trust Company 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.