Fortem Financial Group LLC Purchases 500 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Fortem Financial Group LLC grew its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,250 shares of the company’s stock after buying an additional 500 shares during the quarter. Fortem Financial Group LLC’s holdings in Grayscale Bitcoin Trust were worth $1,869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Modus Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at approximately $255,000. Synovus Financial Corp grew its position in Grayscale Bitcoin Trust by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after acquiring an additional 169 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in Grayscale Bitcoin Trust by 233.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 22,630 shares of the company’s stock worth $1,143,000 after purchasing an additional 15,850 shares in the last quarter. Sanctuary Advisors LLC raised its position in Grayscale Bitcoin Trust by 16.7% in the third quarter. Sanctuary Advisors LLC now owns 38,588 shares of the company’s stock valued at $1,949,000 after purchasing an additional 5,524 shares during the last quarter. Finally, Soltis Investment Advisors LLC boosted its stake in shares of Grayscale Bitcoin Trust by 7.5% during the third quarter. Soltis Investment Advisors LLC now owns 19,820 shares of the company’s stock valued at $1,001,000 after purchasing an additional 1,379 shares in the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of Grayscale Bitcoin Trust stock traded up $2.92 on Monday, hitting $80.94. The stock had a trading volume of 3,436,446 shares, compared to its average volume of 2,928,899. The stock has a 50 day moving average of $72.54 and a 200 day moving average of $58.52. The firm has a market capitalization of $41.34 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $34.31 and a twelve month high of $86.11.

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.