Kestra Private Wealth Services LLC Buys 8,501 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Kestra Private Wealth Services LLC grew its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 17.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 56,476 shares of the company’s stock after acquiring an additional 8,501 shares during the period. Kestra Private Wealth Services LLC’s holdings in Grayscale Bitcoin Trust were worth $4,180,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Greenwich Wealth Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after acquiring an additional 538,256 shares in the last quarter. Mad River Investors increased its holdings in Grayscale Bitcoin Trust by 26.7% during the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after buying an additional 82,187 shares during the period. Moors & Cabot Inc. increased its holdings in Grayscale Bitcoin Trust by 0.4% during the third quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after buying an additional 1,305 shares during the period. Strategic Financial Concepts LLC purchased a new position in Grayscale Bitcoin Trust during the fourth quarter valued at approximately $19,360,000. Finally, International Assets Investment Management LLC increased its holdings in Grayscale Bitcoin Trust by 4,950.0% during the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after buying an additional 189,585 shares during the period.

Grayscale Bitcoin Trust Stock Up 1.6 %

Shares of GBTC stock opened at $77.09 on Tuesday. The firm has a market cap of $39.37 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company’s 50 day moving average is $78.55 and its 200 day moving average is $62.84. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week 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.