Grayscale Bitcoin Trust ETF $GBTC Shares Acquired by HRC Wealth Management LLC

HRC Wealth Management LLC raised its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 15.1% in the second quarter, HoldingsChannel reports. The firm owned 5,375 shares of the company’s stock after acquiring an additional 706 shares during the period. HRC Wealth Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GBTC. Northwestern Mutual Wealth Management Co. boosted its position in shares of Grayscale Bitcoin Trust ETF by 34.9% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the company’s stock worth $86,000 after buying an additional 341 shares during the period. Integrity Alliance LLC. acquired a new stake in Grayscale Bitcoin Trust ETF in the 1st quarter valued at approximately $216,000. Bank of America Corp DE raised its stake in Grayscale Bitcoin Trust ETF by 1,700.8% during the 4th quarter. Bank of America Corp DE now owns 2,161 shares of the company’s stock valued at $160,000 after acquiring an additional 2,041 shares in the last quarter. Colonial Trust Advisors boosted its position in Grayscale Bitcoin Trust ETF by 24.8% during the 1st quarter. Colonial Trust Advisors now owns 1,760 shares of the company’s stock worth $115,000 after acquiring an additional 350 shares during the period. Finally, Csenge Advisory Group grew its stake in shares of Grayscale Bitcoin Trust ETF by 32.8% in the first quarter. Csenge Advisory Group now owns 7,790 shares of the company’s stock worth $523,000 after purchasing an additional 1,922 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC opened at $96.36 on Monday. Grayscale Bitcoin Trust ETF has a one year low of $46.83 and a one year high of $97.34. The stock’s fifty day moving average is $90.02 and its 200-day moving average is $83.01. The firm has a market capitalization of $23.20 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47.

Grayscale Bitcoin Trust ETF 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.