19,148 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Purchased by RWA Wealth Partners LLC

RWA Wealth Partners LLC purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 19,148 shares of the company’s stock, valued at approximately $1,417,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Armstrong Advisory Group Inc. grew its position in shares of Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after purchasing an additional 310 shares in the last quarter. Activest Wealth Management grew its holdings in Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after buying an additional 140 shares in the last quarter. Synergy Investment Management LLC bought a new stake in Grayscale Bitcoin Trust in the 4th quarter worth approximately $30,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter worth approximately $36,000. Finally, Bear Mountain Capital Inc. boosted its position in shares of Grayscale Bitcoin Trust by 162.5% during the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after acquiring an additional 325 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

GBTC stock opened at $65.17 on Tuesday. The firm has a market cap of $15.97 billion, a PE ratio of 2.23 and a beta of 2.59. The firm has a fifty day moving average price of $72.90 and a 200 day moving average price of $68.32. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11.

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.