LPL Financial LLC increased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,030,932 shares of the company’s stock after buying an additional 68,698 shares during the period. LPL Financial LLC owned 0.20% of Grayscale Bitcoin Trust worth $54,887,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. DHJJ Financial Advisors Ltd. acquired a new position in Grayscale Bitcoin Trust during the 2nd quarter valued at about $26,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Grayscale Bitcoin Trust during the 1st quarter valued at about $27,000. Global Wealth Strategies & Associates acquired a new position in Grayscale Bitcoin Trust during the 2nd quarter valued at about $27,000. YHB Investment Advisors Inc. acquired a new position in Grayscale Bitcoin Trust during the 1st quarter valued at about $28,000. Finally, Toth Financial Advisory Corp acquired a new position in Grayscale Bitcoin Trust during the 1st quarter valued at about $28,000.
Grayscale Bitcoin Trust Stock Performance
GBTC stock opened at $47.64 on Friday. The company has a market capitalization of $24.33 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52-week low of $18.04 and a 52-week high of $65.61. The business has a 50-day simple moving average of $50.12 and a two-hundred day simple moving average of $55.60.
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.
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