Cetera Investment Advisers Makes New Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Cetera Investment Advisers bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 357,381 shares of the company’s stock, valued at approximately $22,576,000. Cetera Investment Advisers owned approximately 0.07% of Grayscale Bitcoin Trust at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at approximately $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $28,000. YHB Investment Advisors Inc. purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $28,000. Hollencrest Capital Management bought a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at about $28,000. Finally, Ulland Investment Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust during the first quarter valued at about $32,000.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC traded down $0.66 during midday trading on Friday, hitting $49.87. 6,189,244 shares of the company traded hands, compared to its average volume of 11,509,163. Grayscale Bitcoin Trust has a one year low of $17.00 and a one year high of $65.61. The firm has a market cap of $25.47 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock has a 50-day moving average of $56.83 and a 200-day moving average of $54.46.

About Grayscale Bitcoin Trust

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.