Global Retirement Partners LLC Acquires 3,858 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Global Retirement Partners LLC raised its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 5.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,401 shares of the company’s stock after acquiring an additional 3,858 shares during the quarter. Global Retirement Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $3,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Wealth Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 6.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock worth $207,000 after acquiring an additional 257 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Grayscale Bitcoin Trust by 6.3% in the third quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock worth $235,000 after purchasing an additional 276 shares during the last quarter. SJS Investment Consulting Inc. increased its position in shares of Grayscale Bitcoin Trust by 1.1% during the second quarter. SJS Investment Consulting Inc. now owns 27,453 shares of the company’s stock worth $1,462,000 after purchasing an additional 300 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Grayscale Bitcoin Trust by 5.2% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,842 shares of the company’s stock valued at $346,000 after purchasing an additional 340 shares during the last quarter. Finally, Horizon Wealth Management LLC boosted its position in shares of Grayscale Bitcoin Trust by 9.1% in the 2nd quarter. Horizon Wealth Management LLC now owns 4,115 shares of the company’s stock worth $219,000 after purchasing an additional 343 shares in the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $53.16 on Friday. The stock’s fifty day moving average price is $48.57 and its 200 day moving average price is $53.95. Grayscale Bitcoin Trust has a 1-year low of $21.92 and a 1-year high of $65.61. The company has a market cap of $27.15 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.