Headlands Technologies LLC acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,949 shares of the company’s stock, valued at approximately $123,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of GBTC. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Grayscale Bitcoin Trust during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $28,000. Toth Financial Advisory Corp acquired a new stake in Grayscale Bitcoin Trust during the first quarter worth approximately $28,000. Hollencrest Capital Management purchased a new stake in Grayscale Bitcoin Trust in the 1st quarter worth approximately $28,000. Finally, Ulland Investment Advisors LLC acquired a new position in Grayscale Bitcoin Trust in the 1st quarter valued at $32,000.
Grayscale Bitcoin Trust Stock Down 0.6 %
Shares of GBTC stock traded down $0.34 during mid-day trading on Wednesday, hitting $57.51. 783,203 shares of the company’s stock were exchanged, compared to its average volume of 12,069,035. The stock has a market cap of $29.37 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The stock has a 50-day simple moving average of $57.37 and a two-hundred day simple moving average of $52.85. Grayscale Bitcoin Trust has a fifty-two week low of $17.00 and a fifty-two week high of $65.61.
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.
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