Diversified Management Inc. Purchases New Shares in Grayscale Bitcoin Trust ETF $GBTC

Diversified Management Inc. acquired a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,193 shares of the company’s stock, valued at approximately $765,000.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Grayscale Bitcoin Trust ETF during the first quarter valued at about $218,000. Northwestern Mutual Wealth Management Co. grew its position in Grayscale Bitcoin Trust ETF by 63.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,156 shares of the company’s stock worth $183,000 after purchasing an additional 838 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Grayscale Bitcoin Trust ETF by 431.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,010 shares of the company’s stock valued at $86,000 after buying an additional 820 shares during the last quarter. NewEdge Advisors LLC increased its stake in Grayscale Bitcoin Trust ETF by 7.6% in the 2nd quarter. NewEdge Advisors LLC now owns 53,577 shares of the company’s stock valued at $4,545,000 after buying an additional 3,795 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 400.6% during the 2nd quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock worth $9,612,000 after buying an additional 90,675 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Up 1.0%

Shares of NYSEARCA GBTC opened at $58.37 on Thursday. The company has a market capitalization of $14.05 billion, a PE ratio of 2.23 and a beta of 2.24. The stock’s 50 day moving average price is $53.98 and its 200-day moving average price is $68.33. Grayscale Bitcoin Trust ETF has a twelve month low of $48.56 and a twelve month high of $99.12.

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.