Runnymede Capital Advisors Inc. acquired a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm acquired 12,087 shares of the company’s stock, valued at approximately $895,000. Grayscale Bitcoin Trust accounts for approximately 0.8% of Runnymede Capital Advisors Inc.’s portfolio, making the stock its 25th largest holding.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Quarterback LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $215,000. RFG Advisory LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $262,000. Arkadios Wealth Advisors acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $245,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $692,000. Finally, Mutual Advisors LLC raised its holdings in shares of Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares in the last quarter.
Grayscale Bitcoin Trust Trading Down 0.3 %
Shares of GBTC opened at $66.32 on Friday. The firm’s fifty day simple moving average is $74.24 and its 200-day simple moving average is $67.06. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.
About Grayscale Bitcoin Trust
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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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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