Miller Financial Services LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,980 shares of the company’s stock, valued at approximately $253,000.
Other institutional investors have also modified their holdings of the company. Advyzon Investment Management LLC bought a new stake in Grayscale Bitcoin Trust ETF in the second quarter valued at about $1,091,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Grayscale Bitcoin Trust ETF by 34.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the company’s stock worth $86,000 after acquiring an additional 341 shares in the last quarter. Bessemer Group Inc. bought a new stake in shares of Grayscale Bitcoin Trust ETF in the 2nd quarter valued at approximately $356,000. Integrity Alliance LLC. acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the 1st quarter valued at approximately $216,000. Finally, Colonial Trust Advisors boosted its holdings in Grayscale Bitcoin Trust ETF by 24.8% in the first quarter. Colonial Trust Advisors now owns 1,760 shares of the company’s stock worth $115,000 after purchasing an additional 350 shares during the period.
Grayscale Bitcoin Trust ETF Stock Performance
Shares of NYSEARCA:GBTC opened at $69.99 on Thursday. The company’s fifty day moving average is $86.54 and its two-hundred day moving average is $86.72. Grayscale Bitcoin Trust ETF has a 1-year low of $59.79 and a 1-year high of $99.12. The stock has a market capitalization of $16.85 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40.
About Grayscale Bitcoin Trust ETF
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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