UMB Bank n.a. Acquires 2,439 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

UMB Bank n.a. raised its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 104.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,777 shares of the company’s stock after buying an additional 2,439 shares during the period. UMB Bank n.a.’s holdings in Grayscale Bitcoin Trust were worth $354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GBTC. Synovus Financial Corp boosted its position in Grayscale Bitcoin Trust by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after buying an additional 169 shares during the period. Flagstar Advisors Inc. boosted its holdings in shares of Grayscale Bitcoin Trust by 2.7% during the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after purchasing an additional 196 shares during the period. Cornerstone Wealth Management LLC grew its stake in shares of Grayscale Bitcoin Trust by 6.7% in the third quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock worth $207,000 after purchasing an additional 257 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Grayscale Bitcoin Trust by 6.3% during the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock valued at $235,000 after purchasing an additional 276 shares during the period. Finally, Armstrong Advisory Group Inc. raised 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.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA GBTC opened at $82.70 on Thursday. The stock has a market cap of $42.24 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $34.31 and a fifty-two week high of $86.11. The stock has a 50 day simple moving average of $77.10 and a two-hundred day simple moving average of $60.56.

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.