HHM Wealth Advisors LLC decreased its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 86.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 500 shares of the company’s stock after selling 3,240 shares during the period. HHM Wealth Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $37,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Alterna Wealth Management Inc. bought a new position in Grayscale Bitcoin Trust during the 4th quarter worth $255,000. Valley National Advisers Inc. boosted its stake in Grayscale Bitcoin Trust by 154.1% during the 4th quarter. Valley National Advisers Inc. now owns 1,456 shares of the company’s stock valued at $107,000 after purchasing an additional 883 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $692,000. MA Private Wealth bought a new stake in Grayscale Bitcoin Trust during the 4th quarter worth approximately $284,000. Finally, Nadler Financial Group Inc. purchased a new stake in Grayscale Bitcoin Trust in the 4th quarter worth approximately $242,000.
Grayscale Bitcoin Trust Price Performance
GBTC opened at $80.17 on Tuesday. The firm has a market capitalization of $40.94 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a one year low of $37.73 and a one year high of $86.11. The company has a fifty day moving average price of $78.35 and a 200-day moving average price of $62.17.
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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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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