Dixon Mitchell Investment Counsel Inc. Acquires Shares of 425 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Dixon Mitchell Investment Counsel Inc. purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTCFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 425 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds have also made changes to their positions in the stock. Toth Financial Advisory Corp acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $28,000. Atticus Wealth Management LLC acquired a new stake in Grayscale Bitcoin Trust during the first quarter valued at $33,000. Harbor Investment Advisory LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $34,000. Wolff Wiese Magana LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at about $45,000. Finally, PFS Partners LLC bought a new position in Grayscale Bitcoin Trust during the first quarter worth $50,000.

Grayscale Bitcoin Trust Trading Down 2.1 %

Shares of GBTC stock opened at $54.89 on Wednesday. Grayscale Bitcoin Trust has a 1 year low of $17.00 and a 1 year high of $65.61. The firm has a market capitalization of $28.03 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The firm’s 50 day moving average is $57.86 and its 200-day moving average is $51.73.

Grayscale Bitcoin Trust Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Grayscale Bitcoin Trust (NYSEARCA:GBTC)

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