SWP Financial LLC acquired a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,895 shares of the company’s stock, valued at approximately $214,000.
Other large investors have also bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Grayscale Bitcoin Trust by 80.5% in the 2nd quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock worth $1,057,000 after buying an additional 8,533 shares during the period. Ascent Group LLC purchased a new stake in Grayscale Bitcoin Trust in the second quarter worth about $215,000. Magnolia Capital Advisors LLC purchased a new stake in Grayscale Bitcoin Trust in the second quarter worth about $14,810,000. Creative Planning increased its stake in shares of Grayscale Bitcoin Trust by 1.3% during the second quarter. Creative Planning now owns 82,857 shares of the company’s stock valued at $4,411,000 after purchasing an additional 1,074 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 8.8% during the second quarter. Sunbelt Securities Inc. now owns 4,322 shares of the company’s stock valued at $230,000 after purchasing an additional 350 shares during the last quarter.
Grayscale Bitcoin Trust Stock Up 1.6 %
Grayscale Bitcoin Trust stock opened at $83.17 on Monday. Grayscale Bitcoin Trust has a twelve month low of $35.24 and a twelve month high of $86.11. The company has a market capitalization of $42.48 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock’s 50 day moving average is $77.79 and its 200 day moving average is $61.16.
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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