Prospera Financial Services Inc Has $396,000 Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Prospera Financial Services Inc lifted its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 26.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,835 shares of the company’s stock after buying an additional 1,650 shares during the period. Prospera Financial Services Inc’s holdings in Grayscale Bitcoin Trust were worth $396,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of GBTC. BOKF NA acquired a new position in shares of Grayscale Bitcoin Trust during the first quarter worth $57,000. Bleakley Financial Group LLC boosted its stake in shares of Grayscale Bitcoin Trust by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after purchasing an additional 1,349 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the third quarter valued at about $46,000. Western Wealth Management LLC grew its holdings in shares of Grayscale Bitcoin Trust by 30.2% during the second quarter. Western Wealth Management LLC now owns 13,068 shares of the company’s stock worth $696,000 after purchasing an additional 3,030 shares during the last quarter. Finally, Quent Capital LLC acquired a new position in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $460,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA:GBTC opened at $78.87 on Monday. Grayscale Bitcoin Trust has a one year low of $29.88 and a one year high of $79.34. The company has a market cap of $40.28 billion, a PE ratio of 2.29 and a beta of 1.25. The firm’s 50 day simple moving average is $56.59 and its 200 day simple moving average is $54.79.

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.