MA Private Wealth bought a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,837 shares of the company’s stock, valued at approximately $284,000.
Other hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its position in shares of Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after buying an additional 310 shares during the last quarter. West Oak Capital LLC raised its position in Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Grayscale Bitcoin Trust during the third quarter worth about $46,000. Future Financial Wealth Managment LLC acquired a new stake in Grayscale Bitcoin Trust during the third quarter valued at approximately $50,000. Finally, Icon Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 3rd quarter worth approximately $53,000.
Grayscale Bitcoin Trust Price Performance
Shares of GBTC stock opened at $80.41 on Friday. The stock’s fifty day simple moving average is $78.35 and its 200 day simple moving average is $62.13. Grayscale Bitcoin Trust has a one year low of $37.73 and a one year high of $86.11. The firm has a market cap of $41.07 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.
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.
Further Reading
- Five stocks we like better than Grayscale Bitcoin Trust
- How to Short a Stock in 5 Easy Steps
- 3 Stocks to Gain From Trump’s Return-to-Office Mandate
- NYSE Stocks Give Investors a Variety of Quality Options
- Crane Stock Soars, But the Best Could Be Yet to Come: Here’s Why
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains
Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
Receive News & Ratings for Grayscale Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.
