OakTrust Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) in the 4th quarter, HoldingsChannel.com reports. The fund bought 18,627 shares of the company’s stock, valued at approximately $1,273,000. Grayscale Bitcoin Trust ETF comprises approximately 1.2% of OakTrust Wealth Advisors LLC’s holdings, making the stock its 18th largest position.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. DRW Securities LLC increased its position in Grayscale Bitcoin Trust ETF by 1,210.6% during the 4th quarter. DRW Securities LLC now owns 232,691 shares of the company’s stock worth $15,907,000 after purchasing an additional 214,937 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Grayscale Bitcoin Trust ETF by 10.5% during the fourth quarter. Focus Partners Wealth now owns 221,130 shares of the company’s stock worth $15,116,000 after buying an additional 20,951 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Grayscale Bitcoin Trust ETF by 250.6% during the fourth quarter. Cetera Investment Advisers now owns 184,976 shares of the company’s stock worth $12,645,000 after buying an additional 132,219 shares during the last quarter. Mariner LLC increased its holdings in shares of Grayscale Bitcoin Trust ETF by 1.2% during the fourth quarter. Mariner LLC now owns 173,207 shares of the company’s stock worth $11,840,000 after buying an additional 2,088 shares in the last quarter. Finally, Creative Planning increased its holdings in shares of Grayscale Bitcoin Trust ETF by 40.5% during the third quarter. Creative Planning now owns 135,202 shares of the company’s stock worth $12,137,000 after buying an additional 38,955 shares in the last quarter.
Grayscale Bitcoin Trust ETF Stock Performance
Shares of GBTC opened at $48.80 on Friday. Grayscale Bitcoin Trust ETF has a 52 week low of $45.88 and a 52 week high of $99.12. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 2.23 and a beta of 2.15. The stock has a fifty day moving average of $57.01 and a 200-day moving average of $60.16.
About Grayscale Bitcoin Trust ETF
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 ETF (NYSEARCA:GBTC – Free Report).
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