Trek Financial LLC Grows Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Trek Financial LLC boosted its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,484 shares of the company’s stock after purchasing an additional 255 shares during the period. Trek Financial LLC’s holdings in Grayscale Bitcoin Trust were worth $406,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Armstrong Advisory Group Inc. raised its position in shares of Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares during the period. Activest Wealth Management raised its holdings in shares of Grayscale Bitcoin Trust by 53.0% in the 4th 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. Synergy Investment Management LLC purchased a new position in shares of Grayscale Bitcoin Trust in the 4th quarter worth about $30,000. Cullen Frost Bankers Inc. acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter valued at about $36,000. Finally, Bear Mountain Capital Inc. grew its holdings 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 worth $43,000 after purchasing an additional 325 shares during the period.

Grayscale Bitcoin Trust Stock Performance

GBTC opened at $61.59 on Tuesday. The company has a market cap of $15.10 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The firm has a 50 day moving average price of $71.23 and a 200 day moving average price of $68.94.

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.