MWA Asset Management Acquires Shares of 2,752 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

MWA Asset Management bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, Holdings Channel reports. The institutional investor bought 2,752 shares of the company’s stock, valued at approximately $204,000.

Other large investors have also recently modified their holdings of the company. Arkadios Wealth Advisors acquired a new position in Grayscale Bitcoin Trust during the 4th quarter worth approximately $245,000. Avior Wealth Management LLC grew its stake in shares of Grayscale Bitcoin Trust by 225.5% during the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock worth $120,000 after buying an additional 1,123 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in shares of Grayscale Bitcoin Trust by 109.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after acquiring an additional 30,112 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 2.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after acquiring an additional 1,349 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust during the 3rd quarter worth $46,000.

Grayscale Bitcoin Trust Stock Down 1.2 %

Shares of GBTC opened at $75.85 on Friday. The business has a 50-day simple moving average of $78.57 and a two-hundred day simple moving average of $62.66. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The stock has a market cap of $38.74 billion, a PE ratio of 2.29 and a beta of 1.25.

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.