104,705 Shares in Grayscale Bitcoin Trust (NYSEARCA:GBTC) Bought by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC bought a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 104,705 shares of the company’s stock, valued at approximately $6,614,000. Grayscale Bitcoin Trust accounts for about 1.8% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 4th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter valued at $27,000. Toth Financial Advisory Corp acquired a new position in Grayscale Bitcoin Trust in the first quarter valued at about $28,000. Atticus Wealth Management LLC acquired a new position in Grayscale Bitcoin Trust in the first quarter valued at about $33,000. Harbor Investment Advisory LLC bought a new stake in shares of Grayscale Bitcoin Trust in the first quarter worth about $34,000. Finally, Valley National Advisers Inc. acquired a new stake in shares of Grayscale Bitcoin Trust during the first quarter worth about $34,000.

Grayscale Bitcoin Trust Stock Down 2.2 %

Shares of GBTC traded down $1.23 on Thursday, hitting $53.66. The company’s stock had a trading volume of 1,743,499 shares, compared to its average volume of 12,631,063. The firm’s fifty day moving average price is $57.80 and its 200-day moving average price is $51.82. Grayscale Bitcoin Trust has a fifty-two week low of $17.00 and a fifty-two week high of $65.61. The firm has a market capitalization of $27.40 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.