Fund Advisors of America Inc FL purchased a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,160 shares of the company’s stock, valued at approximately $831,000.
A number of other institutional investors have also modified their holdings of the company. Evolution Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 4th quarter valued at about $1,359,000. Headinvest LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 4th quarter valued at about $1,709,000. Hartmann Taylor Wealth Management LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 448.1% in the fourth quarter. Hartmann Taylor Wealth Management LLC now owns 13,455 shares of the company’s stock worth $920,000 after buying an additional 11,000 shares during the last quarter. NavPoint Financial Inc. boosted its stake in shares of Grayscale Bitcoin Trust ETF by 407.7% in the fourth quarter. NavPoint Financial Inc. now owns 13,200 shares of the company’s stock worth $902,000 after buying an additional 10,600 shares during the last quarter. Finally, Capstone Capital Management Ltd acquired a new stake in Grayscale Bitcoin Trust ETF during the fourth quarter worth about $609,000.
Grayscale Bitcoin Trust ETF Stock Performance
Shares of GBTC stock opened at $48.80 on Friday. The stock has a 50 day moving average of $56.88 and a 200 day moving average of $60.08. The stock has a market cap of $11.75 billion, a P/E ratio of 2.23 and a beta of 2.15. Grayscale Bitcoin Trust ETF has a twelve month low of $45.88 and a twelve month high of $99.12.
Grayscale Bitcoin Trust ETF 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.
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