Leavell Investment Management Inc. acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 3,400 shares of the company’s stock, valued at approximately $252,000.
Other hedge funds also recently bought and sold shares of the company. Greenwich Wealth Management LLC increased its position in shares of Grayscale Bitcoin Trust by 99.9% in the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after acquiring an additional 538,256 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter worth approximately $19,360,000. International Assets Investment Management LLC raised its stake 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 valued at $97,670,000 after purchasing an additional 189,585 shares during the period. Atlas Wealth Partners LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the third quarter valued at $7,774,000. Finally, Citrine Capital LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter worth $7,721,000.
Grayscale Bitcoin Trust Trading Up 1.0 %
NYSEARCA:GBTC opened at $77.01 on Friday. The business’s fifty day moving average price is $78.47 and its 200 day moving average price is $63.27. The firm has a market capitalization of $39.33 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11.
About Grayscale Bitcoin Trust
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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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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