Wealth Enhancement Advisory Services LLC Purchases 46,072 Shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

Wealth Enhancement Advisory Services LLC grew its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 26.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 221,153 shares of the company’s stock after acquiring an additional 46,072 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $16,370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management lifted its position in Grayscale Bitcoin Trust ETF by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after buying an additional 140 shares during the last quarter. Synergy Investment Management LLC bought a new stake in Grayscale Bitcoin Trust ETF in the fourth quarter worth $30,000. Pacific Center for Financial Services bought a new stake in Grayscale Bitcoin Trust ETF in the fourth quarter worth $31,000. Measured Risk Portfolios Inc. bought a new stake in Grayscale Bitcoin Trust ETF in the fourth quarter worth $32,000. Finally, Capital A Wealth Management LLC bought a new stake in Grayscale Bitcoin Trust ETF in the fourth quarter worth $35,000.

Grayscale Bitcoin Trust ETF Stock Down 0.9%

Shares of GBTC opened at $82.50 on Friday. The company has a market cap of $19.65 billion, a PE ratio of 2.23 and a beta of 2.51. The business has a fifty day moving average of $73.95 and a 200 day moving average of $74.79. Grayscale Bitcoin Trust ETF has a 52-week low of $39.56 and a 52-week high of $88.36.

Grayscale Bitcoin Trust ETF 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.