4,260 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Acquired by HUB Investment Partners LLC

HUB Investment Partners LLC acquired a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,260 shares of the company’s stock, valued at approximately $315,000.

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

Grayscale Bitcoin Trust Stock Down 0.3 %

Shares of Grayscale Bitcoin Trust stock opened at $66.32 on Friday. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The firm’s 50 day moving average is $74.24 and its two-hundred day moving average is $67.06. The firm has a market capitalization of $16.41 billion, a P/E ratio of 2.23 and a beta of 2.59.

Grayscale Bitcoin Trust 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.