Ballast Financial Advisors LLC bought a new stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,161 shares of the company’s stock, valued at approximately $1,310,000. Grayscale Bitcoin Trust ETF accounts for about 1.3% of Ballast Financial Advisors LLC’s portfolio, making the stock its 18th largest position.
Other hedge funds have also recently made changes to their positions in the company. Evolution Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 4th quarter valued at $1,359,000. Headinvest LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 4th quarter valued at $1,709,000. Hartmann Taylor Wealth Management LLC increased its position in shares of Grayscale Bitcoin Trust ETF by 448.1% in the 4th quarter. Hartmann Taylor Wealth Management LLC now owns 13,455 shares of the company’s stock valued at $920,000 after acquiring an additional 11,000 shares during the period. NavPoint Financial Inc. grew its position in Grayscale Bitcoin Trust ETF by 407.7% during the 4th quarter. NavPoint Financial Inc. now owns 13,200 shares of the company’s stock worth $902,000 after purchasing an additional 10,600 shares during the period. Finally, Capstone Capital Management Ltd acquired a new stake in Grayscale Bitcoin Trust ETF during the 4th quarter worth about $609,000.
Grayscale Bitcoin Trust ETF Stock Performance
Shares of GBTC opened at $49.85 on Thursday. The business’s 50-day moving average is $57.11 and its two-hundred day moving average is $60.31. The company has a market capitalization of $12.00 billion, a P/E ratio of 2.23 and a beta of 2.15. Grayscale Bitcoin Trust ETF has a fifty-two week low of $45.88 and a fifty-two week 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.
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