8,885 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Bought by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 8,885 shares of the company’s stock, valued at approximately $658,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. lifted its position in Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. Activest Wealth Management grew its holdings in Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after buying an additional 140 shares during the last quarter. Synergy Investment Management LLC acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $30,000. Cullen Frost Bankers Inc. bought a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $36,000. Finally, Bear Mountain Capital Inc. grew its stake in shares of Grayscale Bitcoin Trust by 162.5% in the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after acquiring an additional 325 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock opened at $68.80 on Friday. The firm has a fifty day moving average price of $73.59 and a two-hundred day moving average price of $67.74. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The company has a market cap of $16.86 billion, a PE ratio of 2.23 and a beta of 2.59.

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.