Hutchens & Kramer Investment Management Group LLC Takes Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Hutchens & Kramer Investment Management Group LLC purchased a new stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,771 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. raised its position in Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares during the last quarter. West Oak Capital LLC raised its position in Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares during the last quarter. ORG Wealth Partners LLC bought a new position in Grayscale Bitcoin Trust during the 3rd quarter worth $46,000. Future Financial Wealth Managment LLC bought a new position in Grayscale Bitcoin Trust during the 3rd quarter worth $50,000. Finally, Icon Wealth Advisors LLC bought a new position in Grayscale Bitcoin Trust during the 3rd quarter worth $53,000.

Grayscale Bitcoin Trust Stock Down 3.5 %

Shares of NYSEARCA:GBTC opened at $80.25 on Tuesday. The firm has a market cap of $40.98 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12-month low of $37.31 and a 12-month high of $86.11. The business has a fifty day simple moving average of $77.79 and a 200 day simple moving average of $61.23.

Grayscale Bitcoin Trust Company 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.