LPL Financial LLC Purchases 4,728 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

LPL Financial LLC grew its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,121,456 shares of the company’s stock after buying an additional 4,728 shares during the period. LPL Financial LLC’s holdings in Grayscale Bitcoin Trust were worth $83,010,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GBTC. Rothschild Investment LLC raised its stake in Grayscale Bitcoin Trust by 0.9% during the fourth quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock valued at $1,073,000 after buying an additional 130 shares during the last quarter. Activest Wealth Management increased its position in shares of Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares in the last quarter. Mutual Advisors LLC raised its holdings in Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after acquiring an additional 146 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its position in Grayscale Bitcoin Trust by 1.0% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after acquiring an additional 165 shares in the last quarter. Finally, Synovus Financial Corp boosted its stake in 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.

Grayscale Bitcoin Trust Trading Down 0.1 %

Grayscale Bitcoin Trust stock opened at $69.72 on Wednesday. The firm has a market cap of $17.09 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The stock has a fifty day simple moving average of $74.02 and a two-hundred day simple moving average of $67.72.

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.