Investment Research & Advisory Group Inc. Makes New Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)
by Scott Moore · The Cerbat GemInvestment Research & Advisory Group Inc. purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,848 shares of the company’s stock, valued at approximately $93,000.
Other hedge funds have also recently modified their holdings of the company. DHJJ Financial Advisors Ltd. acquired a new position in Grayscale Bitcoin Trust in the 2nd quarter valued at about $26,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in Grayscale Bitcoin Trust in the first quarter valued at approximately $27,000. Global Wealth Strategies & Associates purchased a new position in Grayscale Bitcoin Trust in the second quarter worth approximately $27,000. Toth Financial Advisory Corp acquired a new stake in Grayscale Bitcoin Trust during the first quarter worth $28,000. Finally, Hollencrest Capital Management purchased a new stake in Grayscale Bitcoin Trust in the first quarter valued at $28,000.
Grayscale Bitcoin Trust Trading Up 2.8 %
NYSEARCA GBTC opened at $54.32 on Friday. The stock has a fifty day simple moving average of $49.23 and a 200-day simple moving average of $53.74. The stock has a market cap of $27.74 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $24.85 and a twelve month high of $65.61.
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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