Flagstar Advisors Inc. Acquires 196 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Flagstar Advisors Inc. increased its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,472 shares of the company’s stock after acquiring an additional 196 shares during the quarter. Flagstar Advisors Inc.’s holdings in Grayscale Bitcoin Trust were worth $377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. BOKF NA purchased a new position in Grayscale Bitcoin Trust in the first quarter worth about $57,000. Bleakley Financial Group LLC grew its stake in shares of Grayscale Bitcoin Trust by 2.3% in the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock worth $3,050,000 after acquiring an additional 1,349 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of Grayscale Bitcoin Trust during the third quarter valued at approximately $46,000. Western Wealth Management LLC lifted its position in Grayscale Bitcoin Trust by 30.2% during the second quarter. Western Wealth Management LLC now owns 13,068 shares of the company’s stock valued at $696,000 after purchasing an additional 3,030 shares during the period. Finally, Quent Capital LLC purchased a new stake in Grayscale Bitcoin Trust in the first quarter worth approximately $460,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA GBTC opened at $78.87 on Friday. The stock has a market capitalization of $40.28 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1-year low of $29.88 and a 1-year high of $79.34. The business’s fifty day moving average price is $56.59 and its 200-day moving average price is $54.80.

Grayscale Bitcoin Trust Company 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.