HBW Advisory Services LLC Invests $384,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

HBW Advisory Services LLC acquired a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTCFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,193 shares of the company’s stock, valued at approximately $384,000.

Several other large investors have also recently added to or reduced their stakes in GBTC. Advance Capital Management Inc. purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth $227,000. Fortem Financial Group LLC grew its stake in Grayscale Bitcoin Trust by 2.0% during the 4th quarter. Fortem Financial Group LLC now owns 25,250 shares of the company’s stock worth $1,869,000 after purchasing an additional 500 shares in the last quarter. Modus Advisors LLC purchased a new stake in Grayscale Bitcoin Trust during the 4th quarter worth about $255,000. Synovus Financial Corp raised its position in Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its stake in shares of Grayscale Bitcoin Trust by 233.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 22,630 shares of the company’s stock valued at $1,143,000 after buying an additional 15,850 shares during the period.

Grayscale Bitcoin Trust Stock Performance

GBTC stock opened at $75.08 on Friday. The company’s 50 day moving average price is $74.55 and its 200 day moving average price is $59.20. The firm has a market capitalization of $38.34 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $34.31 and a fifty-two week high of $86.11.

Grayscale Bitcoin Trust Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Grayscale Bitcoin Trust (NYSEARCA:GBTC)

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