Fisher Asset Management LLC Invests $633,000 in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Fisher Asset Management LLC bought a new position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,557 shares of the company’s stock, valued at approximately $633,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares in the last quarter. Activest Wealth Management increased its position in shares of Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the period. Bear Mountain Capital Inc. increased its position in shares of Grayscale Bitcoin Trust by 162.5% in the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after purchasing an additional 325 shares during the period. Icon Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter worth $53,000. Finally, Safe Harbor Fiduciary LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter worth $56,000.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA GBTC opened at $70.44 on Friday. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The stock has a market capitalization of $17.80 billion, a P/E ratio of 2.23 and a beta of 2.51. The stock’s fifty day moving average is $76.43 and its 200 day moving average is $65.71.

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.