Financial Security Advisor Inc. acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,777 shares of the company’s stock, valued at approximately $239,000.
A number of other institutional investors also recently made changes to their positions in the company. Toth Financial Advisory Corp acquired a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $28,000. Atticus Wealth Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $33,000. Harbor Investment Advisory LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $34,000. Wolff Wiese Magana LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $45,000. Finally, PFS Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $50,000.
Grayscale Bitcoin Trust Price Performance
GBTC traded down $1.20 during trading on Tuesday, hitting $54.89. 3,343,949 shares of the stock traded hands, compared to its average volume of 12,717,439. Grayscale Bitcoin Trust has a twelve month low of $17.00 and a twelve month high of $65.61. The company has a market cap of $28.03 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The business has a 50 day moving average price of $57.86 and a 200 day moving average price of $51.73.
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.
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