SWP Financial LLC Takes Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

SWP Financial LLC purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,895 shares of the company’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of Grayscale Bitcoin Trust by 80.5% in the 2nd quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock worth $1,057,000 after purchasing an additional 8,533 shares in the last quarter. Ascent Group LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the second quarter valued at $215,000. Magnolia Capital Advisors LLC bought a new stake in Grayscale Bitcoin Trust in the 2nd quarter worth about $14,810,000. Creative Planning raised its position in Grayscale Bitcoin Trust by 1.3% in the 2nd quarter. Creative Planning now owns 82,857 shares of the company’s stock worth $4,411,000 after buying an additional 1,074 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in Grayscale Bitcoin Trust by 8.8% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,322 shares of the company’s stock worth $230,000 after buying an additional 350 shares during the last quarter.

Grayscale Bitcoin Trust Stock Up 1.6 %

Shares of NYSEARCA GBTC opened at $83.17 on Monday. The firm’s 50-day moving average price is $77.79 and its 200-day moving average price is $61.16. Grayscale Bitcoin Trust has a 52-week low of $35.24 and a 52-week high of $86.11. The company has a market cap of $42.48 billion, a PE ratio of 2.29 and a beta of 1.25.

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.