SageView Advisory Group LLC Buys New Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

SageView Advisory Group LLC purchased a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,610 shares of the company’s stock, valued at approximately $267,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC boosted its stake in shares of Grayscale Bitcoin Trust by 4,462.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after acquiring an additional 2,057,850 shares in the last quarter. LPL Financial LLC raised its holdings in Grayscale Bitcoin Trust by 0.4% in the 4th quarter. LPL Financial LLC now owns 1,121,456 shares of the company’s stock worth $83,010,000 after purchasing an additional 4,728 shares during the period. Strategic Financial Concepts LLC purchased a new position in Grayscale Bitcoin Trust during the fourth quarter worth approximately $19,360,000. Aristides Capital LLC grew its holdings in Grayscale Bitcoin Trust by 12.1% in the fourth quarter. Aristides Capital LLC now owns 164,931 shares of the company’s stock valued at $12,208,000 after purchasing an additional 17,800 shares during the period. Finally, Foundations Investment Advisors LLC increased its position in shares of Grayscale Bitcoin Trust by 25.7% in the fourth quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock valued at $10,647,000 after buying an additional 29,389 shares in the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA:GBTC opened at $66.38 on Wednesday. The business’s 50 day moving average price is $68.73 and its 200-day moving average price is $69.43. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The firm has a market capitalization of $16.03 billion, a price-to-earnings ratio of 2.23 and a beta of 2.56.

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.