Park Avenue Securities LLC Acquires Shares of 7,328 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Park Avenue Securities LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,328 shares of the company’s stock, valued at approximately $463,000.

Other institutional investors have also modified their holdings of the company. Winch Advisory Services LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at about $66,000. Next Capital Management LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter worth approximately $670,000. Equitable Trust Co. acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $203,000. Canton Hathaway LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at approximately $942,000. Finally, SVB Wealth LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at approximately $770,000.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $53.24 on Friday. Grayscale Bitcoin Trust has a 12 month low of $17.00 and a 12 month high of $65.61. The company has a fifty day moving average price of $58.01 and a two-hundred day moving average price of $51.41. The company has a market cap of $27.19 billion, a PE 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.