Cerity Partners LLC Has $2.27 Million Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Cerity Partners LLC lifted its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 25.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,913 shares of the company’s stock after buying an additional 9,152 shares during the period. Cerity Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $2,268,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Bleakley Financial Group LLC increased its stake in Grayscale Bitcoin Trust by 2.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after buying an additional 1,349 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the third quarter valued at about $46,000. Western Wealth Management LLC raised its holdings in Grayscale Bitcoin Trust by 30.2% during the second quarter. Western Wealth Management LLC now owns 13,068 shares of the company’s stock worth $696,000 after acquiring an additional 3,030 shares in the last quarter. Comerica Bank acquired a new position in Grayscale Bitcoin Trust during the first quarter valued at approximately $361,000. Finally, ST Germain D J Co. Inc. bought a new position in Grayscale Bitcoin Trust in the second quarter valued at approximately $44,000.

Grayscale Bitcoin Trust Stock Up 0.4 %

NYSEARCA:GBTC opened at $77.09 on Monday. The firm has a market capitalization of $39.37 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $30.01 and a twelve month high of $79.34. The stock’s 50 day moving average price is $59.31 and its two-hundred day moving average price is $55.49.

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.