Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC lifted its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,797 shares of the company’s stock after acquiring an additional 225 shares during the quarter. Empower Advisory Group LLC’s holdings in Grayscale Bitcoin Trust were worth $1,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Quarterback LLC acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $215,000. Strategic Financial Concepts LLC purchased a new stake in Grayscale Bitcoin Trust during the fourth quarter worth about $280,000. TigerOak Management L.L.C. purchased a new stake in Grayscale Bitcoin Trust during the fourth quarter worth about $2,718,000. Montag A & Associates Inc. boosted its holdings in Grayscale Bitcoin Trust by 42.0% during the fourth quarter. Montag A & Associates Inc. now owns 14,482 shares of the company’s stock worth $1,072,000 after buying an additional 4,282 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Grayscale Bitcoin Trust by 19.1% during the fourth quarter. Blue Trust Inc. now owns 19,444 shares of the company’s stock worth $1,439,000 after buying an additional 3,114 shares in the last quarter.

Grayscale Bitcoin Trust Trading Down 3.3 %

GBTC stock opened at $74.48 on Wednesday. The company has a market cap of $18.83 billion, a P/E ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The company’s 50-day moving average price is $78.41 and its 200 day moving average price is $63.73.

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.