Atticus Wealth Management LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 527 shares of the company’s stock, valued at approximately $33,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Global Assets Advisory LLC bought a new position in Grayscale Bitcoin Trust during the 1st quarter worth $22,079,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $12,210,000. Brookstone Capital Management acquired a new position in Grayscale Bitcoin Trust in the 1st quarter valued at $8,435,000. Epiq Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $3,743,000. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter worth $2,270,000.
Grayscale Bitcoin Trust Stock Performance
Shares of NYSEARCA GBTC traded down $1.28 during mid-day trading on Friday, reaching $53.24. The company had a trading volume of 3,860,291 shares, compared to its average volume of 12,870,373. The business’s 50-day simple moving average is $58.01 and its 200 day simple moving average is $51.41. Grayscale Bitcoin Trust has a one year low of $17.00 and a one year high of $65.61. The firm has a market cap of $27.19 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.
Grayscale Bitcoin Trust 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.
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