New Wave Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 2,969 shares of the company’s stock, valued at approximately $220,000.
A number of other hedge funds also recently bought and sold shares of the business. Armstrong Advisory Group Inc. increased its stake in Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. West Oak Capital LLC boosted its holdings in Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares during the period. ORG Wealth Partners LLC acquired a new stake in Grayscale Bitcoin Trust in the third quarter valued at $46,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the third quarter worth about $50,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the third quarter worth about $53,000.
Grayscale Bitcoin Trust Stock Up 0.7 %
Shares of GBTC stock opened at $83.18 on Friday. The stock has a market capitalization of $42.48 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52-week low of $37.73 and a 52-week high of $86.11. The stock’s 50-day moving average price is $78.22 and its 200 day moving average price is $61.79.
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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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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