Zacks Investment Management Makes New $233,000 Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Zacks Investment Management purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,152 shares of the company’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC raised its holdings in Grayscale Bitcoin Trust by 4,462.7% in 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 during the period. LPL Financial LLC grew its position in shares of Grayscale Bitcoin Trust by 0.4% in the fourth quarter. LPL Financial LLC now owns 1,121,456 shares of the company’s stock valued at $83,010,000 after purchasing an additional 4,728 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $19,360,000. Aristides Capital LLC lifted its position in shares of Grayscale Bitcoin Trust by 12.1% during the 4th quarter. Aristides Capital LLC now owns 164,931 shares of the company’s stock worth $12,208,000 after purchasing an additional 17,800 shares during the last quarter. Finally, Mariner LLC boosted its stake in Grayscale Bitcoin Trust by 11.2% during the 4th quarter. Mariner LLC now owns 156,027 shares of the company’s stock valued at $11,551,000 after purchasing an additional 15,775 shares during the period.

Grayscale Bitcoin Trust Stock Up 0.7 %

Shares of NYSEARCA GBTC opened at $67.09 on Monday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The company has a market cap of $16.20 billion, a P/E ratio of 2.23 and a beta of 2.56. The business’s 50 day moving average is $68.18 and its two-hundred day moving average is $69.95.

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.