Mather Group LLC. Purchases New Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Mather Group LLC. acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,521 shares of the company’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Optimum Investment Advisors acquired a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at approximately $95,000. BOKF NA acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at about $57,000. SeaCrest Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $370,000. Opal Wealth Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $262,000. Finally, Level Financial Advisors acquired a new stake in Grayscale Bitcoin Trust during the first quarter worth approximately $255,000.

Grayscale Bitcoin Trust Stock Down 1.0 %

GBTC traded down $0.44 during trading on Wednesday, hitting $44.88. The company’s stock had a trading volume of 2,950,605 shares, compared to its average volume of 11,446,082. The firm has a market capitalization of $22.92 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $17.00 and a twelve month high of $65.61. The stock’s fifty day moving average price is $56.14 and its 200-day moving average price is $54.54.

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.