Patten & Patten Inc. TN bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,685 shares of the company’s stock, valued at approximately $273,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of GBTC. Prospera Financial Services Inc lifted its holdings in Grayscale Bitcoin Trust by 26.7% in the third quarter. Prospera Financial Services Inc now owns 7,835 shares of the company’s stock valued at $396,000 after acquiring an additional 1,650 shares during the period. FWG Holdings LLC raised its stake in shares of Grayscale Bitcoin Trust by 4.2% during the 3rd quarter. FWG Holdings LLC now owns 9,177 shares of the company’s stock worth $508,000 after buying an additional 370 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Grayscale Bitcoin Trust by 0.4% during the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after buying an additional 1,305 shares during the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter worth $53,000. Finally, Meridian Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter worth $1,177,000.
Grayscale Bitcoin Trust Stock Up 5.6 %
NYSEARCA:GBTC opened at $66.95 on Monday. The company has a market capitalization of $16.56 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The stock has a fifty day simple moving average of $75.23 and a 200-day simple moving average of $66.66.
Grayscale Bitcoin Trust 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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