FWG Holdings LLC Acquires 370 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

FWG Holdings LLC boosted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,177 shares of the company’s stock after purchasing an additional 370 shares during the period. FWG Holdings LLC’s holdings in Grayscale Bitcoin Trust were worth $508,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BOKF NA bought a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at $57,000. Bleakley Financial Group LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 2.3% in the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock worth $3,050,000 after acquiring an additional 1,349 shares during the period. Kingsview Wealth Management LLC purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at $317,000. ORG Wealth Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter valued at $46,000. Finally, Western Wealth Management LLC lifted its holdings in Grayscale Bitcoin Trust by 30.2% during the 2nd quarter. Western Wealth Management LLC now owns 13,068 shares of the company’s stock worth $696,000 after purchasing an additional 3,030 shares in the last quarter.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $72.81 on Tuesday. The business’s fifty day simple moving average is $53.66 and its 200 day simple moving average is $54.07. Grayscale Bitcoin Trust has a 52 week low of $29.05 and a 52 week high of $74.36. The stock has a market cap of $37.18 billion, a PE ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust Company 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.