10,741 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Purchased by HB Wealth Management LLC

HB Wealth Management LLC purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,741 shares of the company’s stock, valued at approximately $572,000.

Other hedge funds have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. acquired a new stake in Grayscale Bitcoin Trust in the 2nd quarter valued at about $26,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Grayscale Bitcoin Trust during the 1st quarter worth approximately $27,000. Global Wealth Strategies & Associates acquired a new position in shares of Grayscale Bitcoin Trust during the 2nd quarter worth approximately $27,000. YHB Investment Advisors Inc. bought a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at $28,000. Finally, Toth Financial Advisory Corp acquired a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $28,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA:GBTC opened at $47.21 on Friday. The company has a market cap of $24.11 billion, a P/E ratio of 2.29 and a beta of 1.25. The firm’s fifty day moving average price is $51.93 and its two-hundred day moving average price is $55.57. Grayscale Bitcoin Trust has a one year low of $18.04 and a one year 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.