Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Acquired by Essex Financial Services Inc.

Essex Financial Services Inc. boosted its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,459 shares of the company’s stock after acquiring an additional 285 shares during the period. Essex Financial Services Inc.’s holdings in Grayscale Bitcoin Trust were worth $922,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Grayscale Bitcoin Trust by 255.3% in the 3rd quarter. CWM LLC now owns 2,782 shares of the company’s stock valued at $140,000 after purchasing an additional 1,999 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in Grayscale Bitcoin Trust by 11.5% during the third quarter. Valeo Financial Advisors LLC now owns 11,378 shares of the company’s stock valued at $575,000 after buying an additional 1,171 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in Grayscale Bitcoin Trust by 10.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 6,095 shares of the company’s stock worth $308,000 after buying an additional 560 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 3rd quarter worth approximately $46,000. Finally, Creative Planning increased its holdings in shares of Grayscale Bitcoin Trust by 0.6% in the 3rd quarter. Creative Planning now owns 83,315 shares of the company’s stock valued at $4,207,000 after acquiring an additional 458 shares during the last quarter.

Grayscale Bitcoin Trust Trading Down 2.2 %

GBTC stock opened at $75.40 on Wednesday. The firm has a market cap of $38.51 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock’s 50 day simple moving average is $78.57 and its 200 day simple moving average is $62.97. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11.

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.