Ieq Capital LLC Increases Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Ieq Capital LLC grew its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 7.6% during the fourth quarter, HoldingsChannel reports. The firm owned 22,645 shares of the company’s stock after acquiring an additional 1,601 shares during the period. Ieq Capital LLC’s holdings in Grayscale Bitcoin Trust were worth $1,676,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Private Advisor Group LLC raised its holdings in shares of Grayscale Bitcoin Trust by 24.6% during the 4th quarter. Private Advisor Group LLC now owns 39,845 shares of the company’s stock worth $2,949,000 after acquiring an additional 7,878 shares during the period. Atria Wealth Solutions Inc. increased its position in Grayscale Bitcoin Trust by 15.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 35,290 shares of the company’s stock worth $2,612,000 after purchasing an additional 4,612 shares during the last quarter. Empower Advisory Group LLC raised its stake in Grayscale Bitcoin Trust by 1.3% during the fourth quarter. Empower Advisory Group LLC now owns 17,797 shares of the company’s stock worth $1,317,000 after purchasing an additional 225 shares during the period. Wealth Quarterback LLC acquired a new position in Grayscale Bitcoin Trust in the 4th quarter valued at about $215,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at approximately $280,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC opened at $75.06 on Monday. The company has a market capitalization of $18.97 billion, a P/E ratio of 2.23 and a beta of 2.51. The company has a 50 day simple moving average of $78.14 and a 200-day simple moving average of $64.59. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11.

Grayscale Bitcoin Trust 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.