Cutter & CO Brokerage Inc. Acquires New Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Cutter & CO Brokerage Inc. purchased a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,900 shares of the company’s stock, valued at approximately $289,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management lifted its position in shares of Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares during the period. Armstrong Advisory Group Inc. lifted its position in shares of Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after acquiring an additional 310 shares during the period. Bear Mountain Capital Inc. lifted its position in shares of Grayscale Bitcoin Trust by 162.5% during the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after acquiring an additional 325 shares during the period. Financial Life Planners acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at approximately $61,000. Finally, West Oak Capital LLC lifted its position in shares of Grayscale Bitcoin Trust by 53.1% during the 4th quarter. West Oak Capital LLC now owns 980 shares of the company’s stock valued at $73,000 after acquiring an additional 340 shares during the period.

Grayscale Bitcoin Trust Trading Down 6.3 %

GBTC stock opened at $69.62 on Wednesday. The firm has a 50 day moving average of $77.64 and a 200-day moving average of $64.93. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51.

About Grayscale Bitcoin Trust

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.