Geneos Wealth Management Inc. purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) during the fourth quarter, HoldingsChannel reports. The fund purchased 17,573 shares of the company’s stock, valued at approximately $1,301,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Armstrong Advisory Group Inc. raised its position in shares of Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after buying an additional 310 shares in the last quarter. West Oak Capital LLC raised its holdings in Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Grayscale Bitcoin Trust in the 3rd quarter valued at $46,000. Future Financial Wealth Managment LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter valued at $50,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter worth $53,000.
Grayscale Bitcoin Trust Stock Up 1.6 %
GBTC stock opened at $83.17 on Monday. Grayscale Bitcoin Trust has a 52 week low of $35.24 and a 52 week high of $86.11. The business has a 50-day simple moving average of $77.79 and a 200 day simple moving average of $61.16. The company has a market cap of $42.48 billion, a PE ratio of 2.29 and a beta of 1.25.
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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