Narus Financial Partners LLC Acquires New Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Narus Financial Partners LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,950 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Strategic Advocates LLC acquired a new position in Grayscale Bitcoin Trust in the 4th quarter valued at $214,000. Synergy Asset Management LLC increased its stake in shares of Grayscale Bitcoin Trust by 100.0% in the fourth quarter. Synergy Asset Management LLC now owns 8,210 shares of the company’s stock worth $608,000 after purchasing an additional 4,105 shares during the period. Equita Financial Network Inc. acquired a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $475,000. Genesee Capital Advisors LLC acquired a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at approximately $296,000. Finally, Hutchens & Kramer Investment Management Group LLC bought a new position in Grayscale Bitcoin Trust in the 4th quarter worth approximately $205,000.

Grayscale Bitcoin Trust Trading Up 0.7 %

Shares of Grayscale Bitcoin Trust stock opened at $83.18 on Friday. The company has a market cap of $42.48 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1 year low of $37.73 and a 1 year high of $86.11. The company’s fifty day simple moving average is $78.22 and its 200-day simple moving average is $61.79.

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.