Newbridge Financial Services Group Inc. Acquires 10,557 Shares of Grayscale Bitcoin Trust ETF $GBTC

Newbridge Financial Services Group Inc. boosted its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 52.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,772 shares of the company’s stock after buying an additional 10,557 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $2,762,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Ciovacco Capital Management LLC bought a new stake in Grayscale Bitcoin Trust ETF in the 3rd quarter valued at $696,000. B. Riley Wealth Advisors Inc. acquired a new position in Grayscale Bitcoin Trust ETF in the 2nd quarter worth $2,779,000. CWM LLC increased its holdings in Grayscale Bitcoin Trust ETF by 117.9% during the 3rd quarter. CWM LLC now owns 12,571 shares of the company’s stock worth $1,128,000 after purchasing an additional 6,802 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Grayscale Bitcoin Trust ETF by 203.6% during the 2nd quarter. Corient Private Wealth LLC now owns 49,653 shares of the company’s stock worth $4,212,000 after purchasing an additional 33,299 shares in the last quarter. Finally, Traynor Capital Management Inc. acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the 3rd quarter valued at about $775,000.

Grayscale Bitcoin Trust ETF Price Performance

Shares of Grayscale Bitcoin Trust ETF stock opened at $55.47 on Friday. The firm has a market cap of $13.35 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. The stock’s 50-day moving average is $60.74 and its 200-day moving average is $73.82. Grayscale Bitcoin Trust ETF has a one year low of $48.56 and a one year high of $99.12.

About Grayscale Bitcoin Trust ETF

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.