WCG Wealth Advisors LLC Makes New Investment in Grayscale Bitcoin Trust ETF $GBTC

WCG Wealth Advisors LLC bought a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 16,529 shares of the company’s stock, valued at approximately $1,130,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the first quarter worth approximately $218,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Grayscale Bitcoin Trust ETF by 63.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,156 shares of the company’s stock worth $183,000 after purchasing an additional 838 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 431.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,010 shares of the company’s stock worth $86,000 after purchasing an additional 820 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 7.6% in the second quarter. NewEdge Advisors LLC now owns 53,577 shares of the company’s stock worth $4,545,000 after purchasing an additional 3,795 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 400.6% in the second quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock worth $9,612,000 after purchasing an additional 90,675 shares in the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

NYSEARCA GBTC opened at $46.80 on Friday. The company has a 50 day simple moving average of $57.60 and a 200-day simple moving average of $61.50. The firm has a market capitalization of $11.27 billion, a price-to-earnings ratio of 2.23 and a beta of 2.15. Grayscale Bitcoin Trust ETF has a 52-week low of $45.88 and a 52-week high of $99.12.

About Grayscale Bitcoin Trust ETF

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.