Midwest Trust Co Makes New Investment in Grayscale Bitcoin Trust ETF $GBTC

Midwest Trust Co purchased a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the second quarter, HoldingsChannel.com reports. The fund purchased 14,754 shares of the company’s stock, valued at approximately $1,252,000.

A number of other large investors have also made changes to their positions in the stock. Allworth Financial LP increased its position in Grayscale Bitcoin Trust ETF by 5.5% during the 1st quarter. Allworth Financial LP now owns 5,175 shares of the company’s stock worth $337,000 after purchasing an additional 268 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 36.4% during the 1st quarter. Cerity Partners LLC now owns 62,280 shares of the company’s stock worth $4,059,000 after purchasing an additional 16,620 shares during the last quarter. CWM LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 14.2% during the 1st quarter. CWM LLC now owns 4,812 shares of the company’s stock worth $314,000 after purchasing an additional 599 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of Grayscale Bitcoin Trust ETF by 11.2% during the first quarter. Bogart Wealth LLC now owns 2,749 shares of the company’s stock worth $179,000 after buying an additional 276 shares in the last quarter. Finally, Graybill Wealth Management LTD. acquired a new position in shares of Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $326,000.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC opened at $83.05 on Tuesday. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. The company’s 50 day simple moving average is $88.32 and its 200 day simple moving average is $86.82. Grayscale Bitcoin Trust ETF has a 1 year low of $59.79 and a 1 year 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.