SVB Wealth LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 22,238 shares of the company’s stock, valued at approximately $770,000.
A number of other hedge funds have also made changes to their positions in the stock. Canton Hathaway LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $942,000. Equitable Trust Co. acquired a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $203,000. Next Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $670,000. Finally, Winch Advisory Services LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $66,000.
Grayscale Bitcoin Trust Price Performance
GBTC stock opened at $57.32 on Friday. Grayscale Bitcoin Trust has a twelve month low of $12.86 and a twelve month high of $65.61. The firm has a 50 day simple moving average of $56.64 and a 200-day simple moving average of $42.43.
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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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