Sunbelt Securities Inc. Purchases 350 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Sunbelt Securities Inc. raised its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,322 shares of the company’s stock after purchasing an additional 350 shares during the quarter. Sunbelt Securities Inc.’s holdings in Grayscale Bitcoin Trust were worth $230,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. DHJJ Financial Advisors Ltd. bought a new stake in Grayscale Bitcoin Trust in the 2nd quarter valued at approximately $26,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Grayscale Bitcoin Trust during the first quarter worth $27,000. Global Wealth Strategies & Associates bought a new position in Grayscale Bitcoin Trust in the second quarter valued at $27,000. YHB Investment Advisors Inc. acquired a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at $28,000. Finally, Toth Financial Advisory Corp acquired a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at $28,000.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $47.92 on Thursday. The company has a market cap of $24.47 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The firm has a 50-day moving average of $48.66 and a 200-day moving average of $54.65. Grayscale Bitcoin Trust has a one year low of $19.19 and a one year high of $65.61.

Grayscale Bitcoin Trust Company 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.