Kingsview Wealth Management LLC Purchases 5,996 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Kingsview Wealth Management LLC lifted its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 141.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,239 shares of the company’s stock after purchasing an additional 5,996 shares during the period. Kingsview Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Mutual Advisors LLC lifted its position in Grayscale Bitcoin Trust by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after acquiring an additional 146 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Grayscale Bitcoin Trust by 0.8% in the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after purchasing an additional 169 shares during the period. Flagstar Advisors Inc. lifted its position in shares of Grayscale Bitcoin Trust by 2.7% during the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after purchasing an additional 196 shares during the last quarter. Choreo LLC boosted its stake in Grayscale Bitcoin Trust by 0.8% during the 4th quarter. Choreo LLC now owns 27,301 shares of the company’s stock valued at $2,026,000 after purchasing an additional 212 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its stake in Grayscale Bitcoin Trust by 5.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,324 shares of the company’s stock valued at $320,000 after purchasing an additional 224 shares during the period.

Grayscale Bitcoin Trust Stock Up 1.9 %

Shares of NYSEARCA GBTC opened at $76.80 on Thursday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The company has a market cap of $39.22 billion, a P/E ratio of 2.29 and a beta of 1.25. The business’s 50 day moving average is $78.56 and its two-hundred day moving average is $63.08.

About Grayscale Bitcoin Trust

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.