3,033 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Purchased by Portfolio Design Labs LLC

Portfolio Design Labs LLC acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,033 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds have also bought and sold shares of the company. Activest Wealth Management increased its holdings in shares of Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares in the last quarter. Armstrong Advisory Group Inc. grew its position in Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after purchasing an additional 310 shares during the last quarter. West Oak Capital LLC increased its stake in Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares in the last quarter. Financial Life Planners purchased a new position in Grayscale Bitcoin Trust in the fourth quarter worth about $61,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter worth approximately $46,000.

Grayscale Bitcoin Trust Stock Up 1.9 %

NYSEARCA:GBTC opened at $76.80 on Thursday. The stock has a market cap of $39.22 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company’s 50 day moving average price is $78.56 and its 200-day moving average price is $63.08. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11.

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.