Icon Wealth Advisors LLC Invests $53,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Icon Wealth Advisors LLC bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,044 shares of the company’s stock, valued at approximately $53,000.

Other large investors also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. bought a new position in Grayscale Bitcoin Trust in the 2nd quarter valued at about $26,000. Global Wealth Strategies & Associates acquired a new position in Grayscale Bitcoin Trust during the second quarter worth $27,000. ZRC Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at about $29,000. West Oak Capital LLC raised its holdings in shares of Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares during the last quarter. Finally, Avondale Wealth Management bought a new position in Grayscale Bitcoin Trust during the second quarter valued at about $33,000.

Grayscale Bitcoin Trust Trading Up 1.1 %

Shares of Grayscale Bitcoin Trust stock opened at $78.87 on Monday. The company has a market cap of $40.28 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12-month low of $29.88 and a 12-month high of $79.34. The company’s 50-day moving average price is $56.59 and its 200-day moving average price is $54.79.

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.