EP Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,311 shares of the company’s stock, valued at approximately $399,000.
Several other large investors have also recently made changes to their positions in GBTC. Sloy Dahl & Holst LLC purchased a new position in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $32,959,000. Bracebridge Capital LLC purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $26,526,000. Mad River Investors purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $25,251,000. Global Assets Advisory LLC purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $22,079,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $21,571,000.
Grayscale Bitcoin Trust Stock Performance
Shares of NYSEARCA GBTC traded up $2.97 during mid-day trading on Friday, hitting $60.33. The stock had a trading volume of 4,489,583 shares, compared to its average volume of 11,720,469. Grayscale Bitcoin Trust has a 1 year low of $17.00 and a 1 year high of $65.61. The business has a 50 day moving average price of $57.68 and a two-hundred day moving average price of $53.88. The firm has a market cap of $30.81 billion, a P/E ratio of 2.29 and a beta of 1.25.
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.
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