Kovitz Investment Group Partners LLC Grows Position in Grayscale Bitcoin Trust ETF $GBTC

Kovitz Investment Group Partners LLC raised its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 178.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 64,222 shares of the company’s stock after purchasing an additional 41,120 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $4,390,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of America Corp DE raised its stake in shares of Grayscale Bitcoin Trust ETF by 5.5% in the second quarter. Bank of America Corp DE now owns 2,386 shares of the company’s stock worth $202,000 after buying an additional 125 shares during the period. Great Valley Advisor Group Inc. lifted its position in shares of Grayscale Bitcoin Trust ETF by 2.1% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 5,942 shares of the company’s stock valued at $504,000 after buying an additional 125 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of Grayscale Bitcoin Trust ETF by 1.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 8,952 shares of the company’s stock valued at $759,000 after acquiring an additional 130 shares during the period. Mill Creek Capital Advisors LLC grew its stake in shares of Grayscale Bitcoin Trust ETF by 3.2% during the 3rd quarter. Mill Creek Capital Advisors LLC now owns 4,588 shares of the company’s stock valued at $412,000 after acquiring an additional 143 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in Grayscale Bitcoin Trust ETF by 2.4% in the 3rd quarter. Koshinski Asset Management Inc. now owns 6,225 shares of the company’s stock worth $559,000 after acquiring an additional 148 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Grayscale Bitcoin Trust ETF stock opened at $48.80 on Friday. Grayscale Bitcoin Trust ETF has a 12-month low of $45.88 and a 12-month high of $99.12. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 2.23 and a beta of 2.15. The firm has a 50 day moving average of $56.88 and a 200 day moving average of $60.08.

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.