Private Advisor Group LLC Acquires 7,878 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Private Advisor Group LLC lifted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 24.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 39,845 shares of the company’s stock after acquiring an additional 7,878 shares during the quarter. Private Advisor Group LLC’s holdings in Grayscale Bitcoin Trust were worth $2,949,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Activest Wealth Management raised its position in Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the period. Armstrong Advisory Group Inc. grew its stake in shares of Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after buying an additional 310 shares during the last quarter. Financial Life Planners purchased a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $61,000. West Oak Capital LLC lifted its stake in shares of Grayscale Bitcoin Trust by 53.1% in the 4th quarter. West Oak Capital LLC now owns 980 shares of the company’s stock valued at $73,000 after acquiring an additional 340 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in Grayscale Bitcoin Trust during the 3rd quarter valued at about $53,000.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $74.34 on Tuesday. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The stock’s 50 day simple moving average is $78.14 and its 200 day simple moving average is $64.59. The firm has a market cap of $18.79 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51.

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.