SJS Investment Consulting Inc. Raises Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

SJS Investment Consulting Inc. boosted its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 109.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,565 shares of the company’s stock after purchasing an additional 30,112 shares during the quarter. Grayscale Bitcoin Trust comprises 0.7% of SJS Investment Consulting Inc.’s investment portfolio, making the stock its 16th biggest position. SJS Investment Consulting Inc.’s holdings in Grayscale Bitcoin Trust were worth $4,261,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its position in shares of Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares in the last quarter. West Oak Capital LLC increased its stake in Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after acquiring an additional 320 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at about $46,000. Future Financial Wealth Managment LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter valued at about $50,000. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter valued at about $53,000.

Grayscale Bitcoin Trust Trading Up 1.6 %

GBTC stock opened at $83.17 on Friday. The company’s 50 day moving average is $77.79 and its 200 day moving average is $61.09. The stock has a market cap of $42.48 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1-year low of $35.24 and a 1-year high of $86.11.

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.