Wolff Wiese Magana LLC Purchases 585 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Wolff Wiese Magana LLC boosted its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 70.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,411 shares of the company’s stock after purchasing an additional 585 shares during the quarter. Wolff Wiese Magana LLC’s holdings in Grayscale Bitcoin Trust were worth $71,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of GBTC. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Grayscale Bitcoin Trust during the first quarter valued at approximately $27,000. Toth Financial Advisory Corp purchased a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $28,000. Hollencrest Capital Management bought a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth $28,000. DHJJ Financial Advisors Ltd. purchased a new position in shares of Grayscale Bitcoin Trust in the second quarter worth $26,000. Finally, Global Wealth Strategies & Associates bought a new position in shares of Grayscale Bitcoin Trust during the second quarter valued at $27,000.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $53.89 on Thursday. Grayscale Bitcoin Trust has a one year low of $21.72 and a one year high of $65.61. The business’s fifty day moving average is $48.46 and its 200 day moving average is $53.96. The stock has a market capitalization of $27.52 billion, a PE ratio of 2.29 and a beta of 1.25.

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.