LPL Financial LLC grew its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,121,456 shares of the company’s stock after acquiring an additional 4,728 shares during the period. LPL Financial LLC owned about 0.22% of Grayscale Bitcoin Trust worth $83,010,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of GBTC. Proficio Capital Partners LLC raised its position in Grayscale Bitcoin Trust by 4,462.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after purchasing an additional 2,057,850 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $19,360,000. SLT Holdings LLC purchased a new stake in Grayscale Bitcoin Trust in the fourth quarter worth $10,203,000. Citrine Capital LLC bought a new stake in Grayscale Bitcoin Trust in the fourth quarter valued at $7,721,000. Finally, Variant Private Wealth LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter valued at $7,113,000.
Grayscale Bitcoin Trust Trading Down 0.1 %
NYSEARCA:GBTC opened at $69.72 on Wednesday. The company has a 50-day moving average price of $74.02 and a 200-day moving average price of $67.72. The stock has a market cap of $17.09 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11.
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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