Kovitz Investment Group Partners LLC Increases Stock Position in Grayscale Bitcoin Trust ETF $GBTC

Kovitz Investment Group Partners LLC increased its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 178.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,222 shares of the company’s stock after purchasing an additional 41,120 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $4,390,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. DRW Securities LLC lifted its holdings in Grayscale Bitcoin Trust ETF by 1,210.6% in the fourth quarter. DRW Securities LLC now owns 232,691 shares of the company’s stock valued at $15,907,000 after acquiring an additional 214,937 shares during the period. Focus Partners Wealth boosted its position in Grayscale Bitcoin Trust ETF by 10.5% in the fourth quarter. Focus Partners Wealth now owns 221,130 shares of the company’s stock worth $15,116,000 after purchasing an additional 20,951 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Grayscale Bitcoin Trust ETF by 250.6% during the 4th quarter. Cetera Investment Advisers now owns 184,976 shares of the company’s stock valued at $12,645,000 after purchasing an additional 132,219 shares during the period. Mariner LLC grew its stake in shares of Grayscale Bitcoin Trust ETF by 1.2% during the 4th quarter. Mariner LLC now owns 173,207 shares of the company’s stock valued at $11,840,000 after purchasing an additional 2,088 shares during the period. Finally, Creative Planning increased its position in shares of Grayscale Bitcoin Trust ETF by 40.5% during the 3rd quarter. Creative Planning now owns 135,202 shares of the company’s stock valued at $12,137,000 after purchasing an additional 38,955 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC stock opened at $48.80 on Friday. Grayscale Bitcoin Trust ETF has a 12 month low of $45.88 and a 12 month high of $99.12. The stock has a market cap of $11.75 billion, a P/E ratio of 2.23 and a beta of 2.15. The company has a 50 day simple moving average of $56.88 and a two-hundred day simple moving average of $60.08.

About Grayscale Bitcoin Trust ETF

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.