PFG Investments LLC Boosts Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

PFG Investments LLC grew its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 16.0% during the 4th quarter, HoldingsChannel reports. The fund owned 14,852 shares of the company’s stock after acquiring an additional 2,046 shares during the quarter. PFG Investments LLC’s holdings in Grayscale Bitcoin Trust were worth $1,099,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Greenwich Wealth Management LLC increased its stake in shares of 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 buying an additional 538,256 shares during the period. Mad River Investors increased its stake in shares of Grayscale Bitcoin Trust by 26.7% in the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock worth $19,682,000 after buying an additional 82,187 shares during the period. Moors & Cabot Inc. increased its stake in shares of Grayscale Bitcoin Trust by 0.4% in the third quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after buying an additional 1,305 shares during the period. International Assets Investment Management LLC increased its stake in shares of Grayscale Bitcoin Trust by 4,950.0% in the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after buying an additional 189,585 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Grayscale Bitcoin Trust by 2.9% in the third quarter. Sequoia Financial Advisors LLC now owns 180,068 shares of the company’s stock worth $9,093,000 after buying an additional 5,120 shares during the period.

Grayscale Bitcoin Trust Stock Down 0.1 %

Shares of NYSEARCA GBTC opened at $80.17 on Wednesday. Grayscale Bitcoin Trust has a 52 week low of $37.31 and a 52 week high of $86.11. The firm’s fifty day moving average is $77.94 and its 200 day moving average is $61.44. The company has a market cap of $40.94 billion, a price-to-earnings 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.