Foundations Investment Advisors LLC grew its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 25.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 143,835 shares of the company’s stock after buying an additional 29,389 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $10,647,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in GBTC. Armstrong Advisory Group Inc. boosted its holdings in 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 purchasing an additional 310 shares during the last quarter. West Oak Capital LLC raised its position in Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after acquiring an additional 320 shares during the period. ORG Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust in the third quarter worth about $46,000. Future Financial Wealth Managment LLC bought a new stake in Grayscale Bitcoin Trust in the third quarter worth about $50,000. Finally, Icon Wealth Advisors LLC bought a new stake in Grayscale Bitcoin Trust in the third quarter worth about $53,000.
Grayscale Bitcoin Trust Stock Down 2.7 %
NYSEARCA GBTC opened at $80.91 on Monday. The company’s 50 day moving average is $77.79 and its 200-day moving average is $61.16. Grayscale Bitcoin Trust has a 12-month low of $37.31 and a 12-month high of $86.11. The firm has a market cap of $41.32 billion, a P/E ratio of 2.29 and a beta of 1.25.
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.
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