Leavell Investment Management Inc. Buys Shares of 3,400 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Leavell Investment Management Inc. purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 3,400 shares of the company’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Greenwich Wealth Management LLC lifted its position in Grayscale Bitcoin Trust by 99.9% in the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at $19,360,000. International Assets Investment Management LLC grew its holdings in Grayscale Bitcoin Trust by 4,950.0% during the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after acquiring an additional 189,585 shares during the period. Atlas Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust in the third quarter worth about $7,774,000. Finally, Citrine Capital LLC acquired a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at about $7,721,000.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC opened at $77.01 on Friday. The firm’s 50 day moving average is $78.47 and its 200-day moving average is $63.27. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The stock has a market capitalization of $39.33 billion, a P/E 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.