Ascentis Independent Advisors boosted its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 136.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 18,887 shares of the company’s stock after buying an additional 10,897 shares during the quarter. Ascentis Independent Advisors’ holdings in Grayscale Bitcoin Trust ETF were worth $996,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of GBTC. Evolution Wealth Advisors LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the 4th quarter worth about $1,359,000. Hartmann Taylor Wealth Management LLC boosted its position in shares of Grayscale Bitcoin Trust ETF by 448.1% during the fourth quarter. Hartmann Taylor Wealth Management LLC now owns 13,455 shares of the company’s stock valued at $920,000 after buying an additional 11,000 shares during the period. Headinvest LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF during the 4th quarter worth approximately $1,709,000. Capstone Capital Management Ltd bought a new stake in shares of Grayscale Bitcoin Trust ETF during the 4th quarter worth approximately $609,000. Finally, NavPoint Financial Inc. boosted its holdings in Grayscale Bitcoin Trust ETF by 407.7% during the 4th quarter. NavPoint Financial Inc. now owns 13,200 shares of the company’s stock valued at $902,000 after acquiring an additional 10,600 shares during the period.
Grayscale Bitcoin Trust ETF Stock Up 0.1%
Shares of Grayscale Bitcoin Trust ETF stock opened at $49.46 on Wednesday. The stock’s fifty day moving average is $54.17 and its two-hundred day moving average is $58.07. Grayscale Bitcoin Trust ETF has a 52 week low of $44.98 and a 52 week high of $99.12. The company has a market capitalization of $9.59 billion, a PE ratio of 2.23 and a beta of 2.19.
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.
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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 ETF (NYSEARCA:GBTC – Free Report).
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