CFO4Life Group LLC Acquires Shares of 2,990 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

CFO4Life Group LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,990 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Quarterback LLC acquired a new position in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $215,000. RFG Advisory LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth $262,000. Arkadios Wealth Advisors purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth about $245,000. Mutual Advisors LLC grew its stake in Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after acquiring an additional 146 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $692,000.

Grayscale Bitcoin Trust Stock Performance

Grayscale Bitcoin Trust stock opened at $63.38 on Friday. The stock has a fifty day moving average of $75.45 and a two-hundred day moving average of $66.29. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

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.