Johnson & White Wealth Management LLC Purchases Shares of 6,032 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Johnson & White Wealth Management 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 SEC. The institutional investor purchased 6,032 shares of the company’s stock, valued at approximately $466,000.

Several other institutional investors have also added to or reduced their stakes in the company. BCS Wealth Management purchased a new stake in Grayscale Bitcoin Trust during the 4th quarter valued at $669,000. Horizon Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth about $216,000. Enterprise Bank & Trust Co purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth about $274,000. Brookstone Capital Management lifted its position in shares of Grayscale Bitcoin Trust by 1.3% in the 4th quarter. Brookstone Capital Management now owns 128,233 shares of the company’s stock worth $9,492,000 after purchasing an additional 1,612 shares during the period. Finally, Fiduciary Alliance LLC lifted its position in shares of Grayscale Bitcoin Trust by 35.3% in the 4th quarter. Fiduciary Alliance LLC now owns 103,771 shares of the company’s stock worth $7,681,000 after purchasing an additional 27,088 shares during the period.

Grayscale Bitcoin Trust Trading Down 1.2 %

NYSEARCA:GBTC opened at $74.16 on Tuesday. The company has a 50-day moving average price of $74.96 and a 200-day moving average price of $59.41. Grayscale Bitcoin Trust has a 12 month low of $34.31 and a 12 month high of $86.11. The stock has a market cap of $37.87 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.