Cerity Partners LLC increased its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 25.6% during the third quarter, Holdings Channel reports. The fund owned 44,913 shares of the company’s stock after acquiring an additional 9,152 shares during the quarter. Cerity Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the business. DHJJ Financial Advisors Ltd. acquired a new stake in Grayscale Bitcoin Trust during the second quarter worth approximately $26,000. Avondale Wealth Management acquired a new stake in Grayscale Bitcoin Trust during the 2nd quarter worth approximately $33,000. West Oak Capital LLC grew its holdings in Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after buying an additional 320 shares in the last quarter. Asset Dedication LLC bought a new position in Grayscale Bitcoin Trust during the 2nd quarter worth $40,000. Finally, CWM LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the second quarter worth $42,000.
Grayscale Bitcoin Trust Stock Performance
Shares of Grayscale Bitcoin Trust stock opened at $77.09 on Monday. Grayscale Bitcoin Trust has a 52-week low of $30.01 and a 52-week high of $79.34. The stock has a market cap of $39.37 billion, a PE ratio of 2.29 and a beta of 1.25. The firm has a 50-day moving average of $59.31 and a 200-day moving average of $55.49.
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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