Perfromance Wealth Partners LLC Makes New Investment in Grayscale Bitcoin Trust ETF $GBTC

Perfromance Wealth Partners LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,472 shares of the company’s stock, valued at approximately $210,000.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in 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 acquiring an additional 341 shares during the period. Integrity Alliance LLC. acquired a new position in Grayscale Bitcoin Trust ETF during the first quarter worth $216,000. Bank of America Corp DE raised its position in Grayscale Bitcoin Trust ETF by 1,700.8% during the fourth quarter. Bank of America Corp DE now owns 2,161 shares of the company’s stock worth $160,000 after acquiring an additional 2,041 shares during the period. Colonial Trust Advisors grew its holdings in shares of Grayscale Bitcoin Trust ETF by 24.8% during the first quarter. Colonial Trust Advisors now owns 1,760 shares of the company’s stock worth $115,000 after buying an additional 350 shares in the last quarter. Finally, Oxinas Partners Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the second quarter worth $225,000.

Grayscale Bitcoin Trust ETF Stock Down 0.6%

Grayscale Bitcoin Trust ETF stock opened at $90.86 on Tuesday. Grayscale Bitcoin Trust ETF has a 52-week low of $51.47 and a 52-week high of $99.12. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47. The company has a fifty day simple moving average of $90.42 and a 200-day simple moving average of $84.11.

Grayscale Bitcoin Trust ETF 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.