Centric Wealth Management Acquires New Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Centric Wealth Management bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,788 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBTC. Armstrong Advisory Group Inc. boosted its stake in shares of 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 in the last quarter. Activest Wealth Management raised its holdings in Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in Grayscale Bitcoin Trust during the fourth quarter worth $30,000. Cullen Frost Bankers Inc. acquired a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at $36,000. Finally, Bear Mountain Capital Inc. increased its position in shares of Grayscale Bitcoin Trust by 162.5% in the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after buying an additional 325 shares in the last quarter.

Grayscale Bitcoin Trust Stock Down 1.5 %

Grayscale Bitcoin Trust stock opened at $65.17 on Tuesday. The firm has a market capitalization of $15.97 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The firm’s 50-day simple moving average is $72.90 and its 200 day simple moving average is $68.32.

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.