SlateStone Wealth LLC lifted its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 34.0% in the 4th quarter, HoldingsChannel reports. The fund owned 5,513 shares of the company’s stock after purchasing an additional 1,400 shares during the quarter. SlateStone Wealth LLC’s holdings in Grayscale Bitcoin Trust were worth $408,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC raised its position in shares of Grayscale Bitcoin Trust by 4,462.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after acquiring an additional 2,057,850 shares in the last quarter. Moors & Cabot Inc. grew its stake in Grayscale Bitcoin Trust by 0.4% during the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after buying an additional 1,305 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter worth $19,360,000. Foundations Investment Advisors LLC grew its stake in Grayscale Bitcoin Trust by 25.7% during the 4th quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock worth $10,647,000 after buying an additional 29,389 shares during the last quarter. Finally, SLT Holdings LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter worth $10,203,000.
Grayscale Bitcoin Trust Price Performance
Shares of GBTC stock opened at $66.95 on Monday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The stock’s fifty day moving average price is $75.23 and its 200 day moving average price is $66.66. The company has a market cap of $16.56 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.
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.
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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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