Henrickson Nauta Wealth Advisors Inc. Takes Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Henrickson Nauta Wealth Advisors Inc. bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,600 shares of the company’s stock, valued at approximately $341,000.

Other institutional investors have also bought and sold shares of the company. Greenwich Wealth Management LLC boosted its stake in shares of Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after purchasing an additional 538,256 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter worth approximately $14,810,000. International Assets Investment Management LLC grew its position in Grayscale Bitcoin Trust by 4,950.0% during the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after acquiring an additional 189,585 shares during the last quarter. Atlas Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust during the 3rd quarter worth approximately $7,774,000. Finally, Virtu Financial LLC increased its holdings in Grayscale Bitcoin Trust by 158.8% during the 2nd quarter. Virtu Financial LLC now owns 137,123 shares of the company’s stock valued at $7,300,000 after purchasing an additional 84,134 shares in the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC opened at $76.47 on Wednesday. The stock has a fifty day moving average price of $75.39 and a two-hundred day moving average price of $59.57. The company has a market cap of $39.05 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52-week low of $34.31 and a 52-week high of $86.11.

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.