WCG Wealth Advisors LLC Buys 349 Shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

WCG Wealth Advisors LLC increased its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,434 shares of the company’s stock after purchasing an additional 349 shares during the period. WCG Wealth Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $1,290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Synergy Investment Management LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter valued at about $30,000. Activest Wealth Management lifted its stake in Grayscale Bitcoin Trust ETF by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares in the last quarter. Pacific Center for Financial Services acquired a new position in Grayscale Bitcoin Trust ETF during the 4th quarter worth approximately $31,000. Measured Risk Portfolios Inc. bought a new position in shares of Grayscale Bitcoin Trust ETF during the 4th quarter worth approximately $32,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Grayscale Bitcoin Trust ETF during the 4th quarter worth approximately $36,000.

Grayscale Bitcoin Trust ETF Stock Down 2.2%

Shares of GBTC stock opened at $85.76 on Friday. The company’s fifty day simple moving average is $72.30 and its 200-day simple moving average is $74.11. The firm has a market cap of $20.69 billion, a PE ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust ETF has a 12 month low of $39.56 and a 12 month high of $88.36.

About Grayscale Bitcoin Trust ETF

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.