Sage Investment Advisers LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,500 shares of the company’s stock, valued at approximately $718,000.
A number of other large investors also recently modified their holdings of GBTC. Holos Integrated Wealth LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the fourth quarter valued at $28,000. CoreCap Advisors LLC increased its holdings in shares of Grayscale Bitcoin Trust ETF by 160.9% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the fourth quarter valued at $30,000. Strengthening Families & Communities LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the third quarter valued at $33,000. Finally, RHL Group LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the fourth quarter valued at $43,000.
Grayscale Bitcoin Trust ETF Stock Performance
Shares of GBTC opened at $57.02 on Monday. The firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 2.23 and a beta of 2.22. Grayscale Bitcoin Trust ETF has a one year low of $48.56 and a one year high of $99.12. The stock’s fifty day moving average is $57.98 and its 200-day moving average is $62.33.
About Grayscale Bitcoin Trust ETF
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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