Strategic Advocates LLC bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,895 shares of the company’s stock, valued at approximately $214,000.
Several other institutional investors also recently modified their holdings of the stock. Armstrong Advisory Group Inc. boosted its stake in Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. West Oak Capital LLC boosted its position in shares of Grayscale Bitcoin Trust by 100.0% during the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at $46,000. Future Financial Wealth Managment LLC bought a new position in Grayscale Bitcoin Trust during the third quarter worth about $50,000. Finally, Icon Wealth Advisors LLC acquired a new position in Grayscale Bitcoin Trust in the third quarter valued at about $53,000.
Grayscale Bitcoin Trust Price Performance
Shares of Grayscale Bitcoin Trust stock opened at $83.18 on Friday. Grayscale Bitcoin Trust has a 1 year low of $37.73 and a 1 year high of $86.11. The company has a market capitalization of $42.48 billion, a P/E ratio of 2.29 and a beta of 1.25. The business has a 50-day moving average of $78.22 and a two-hundred day moving average of $61.79.
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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