1,044 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Bought by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,044 shares of the company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. DHJJ Financial Advisors Ltd. purchased a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter valued at approximately $26,000. Global Wealth Strategies & Associates purchased a new position in Grayscale Bitcoin Trust during the second quarter worth $27,000. ZRC Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at $29,000. West Oak Capital LLC grew its position in shares of Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares during the period. Finally, Avondale Wealth Management purchased a new stake in Grayscale Bitcoin Trust during the second quarter valued at about $33,000.

Grayscale Bitcoin Trust Trading Up 1.1 %

GBTC stock opened at $78.87 on Monday. The stock has a 50-day moving average price of $56.59 and a two-hundred day moving average price of $54.79. The company has a market cap of $40.28 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12-month low of $29.88 and a 12-month high of $79.34.

Grayscale Bitcoin Trust 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.