104,705 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC bought a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the first quarter, Holdings Channel.com reports. The fund bought 104,705 shares of the company’s stock, valued at approximately $6,614,000. Grayscale Bitcoin Trust accounts for 1.8% of Legacy Wealth Asset Management LLC’s investment portfolio, making the stock its 4th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in GBTC. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Grayscale Bitcoin Trust during the first quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new position in Grayscale Bitcoin Trust in the first quarter valued at approximately $28,000. Atticus Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter worth approximately $33,000. Harbor Investment Advisory LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter worth approximately $34,000. Finally, Valley National Advisers Inc. bought a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $34,000.

Grayscale Bitcoin Trust Stock Down 2.2 %

NYSEARCA:GBTC traded down $1.23 during trading hours on Thursday, reaching $53.66. The company had a trading volume of 1,743,499 shares, compared to its average volume of 12,631,063. Grayscale Bitcoin Trust has a twelve month low of $17.00 and a twelve month high of $65.61. The firm has a market cap of $27.40 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The business’s 50-day simple moving average is $57.80 and its two-hundred day simple moving average is $51.82.

Grayscale Bitcoin Trust 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.