Ieq Capital LLC Boosts Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Ieq Capital LLC raised its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,645 shares of the company’s stock after buying an additional 1,601 shares during the quarter. Ieq Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $1,676,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Activest Wealth Management raised its stake in shares of Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after acquiring an additional 140 shares in the last quarter. Mutual Advisors LLC increased its position in shares of Grayscale Bitcoin Trust by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after purchasing an additional 146 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of Grayscale Bitcoin Trust by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares during the last quarter. Flagstar Advisors Inc. boosted its position in shares of Grayscale Bitcoin Trust by 2.7% in the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after purchasing an additional 196 shares in the last quarter. Finally, Choreo LLC grew its stake in Grayscale Bitcoin Trust by 0.8% during the 4th quarter. Choreo LLC now owns 27,301 shares of the company’s stock worth $2,026,000 after buying an additional 212 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA GBTC opened at $75.06 on Monday. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The company has a market cap of $18.97 billion, a PE ratio of 2.23 and a beta of 2.51. The business has a 50-day simple moving average of $78.14 and a two-hundred day simple moving average of $64.59.

Grayscale Bitcoin Trust Company 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.