Fiduciary Alliance LLC Grows Holdings in Grayscale Bitcoin Trust ETF $GBTC

Fiduciary Alliance LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 8.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,098 shares of the company’s stock after purchasing an additional 11,845 shares during the quarter. Fiduciary Alliance LLC owned 0.06% of Grayscale Bitcoin Trust ETF worth $8,528,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in Grayscale Bitcoin Trust ETF by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 2,386 shares of the company’s stock worth $202,000 after buying an additional 125 shares during the period. Great Valley Advisor Group Inc. boosted its position in Grayscale Bitcoin Trust ETF by 2.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 5,942 shares of the company’s stock valued at $504,000 after buying an additional 125 shares during the period. EP Wealth Advisors LLC boosted its position in Grayscale Bitcoin Trust ETF by 1.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 8,952 shares of the company’s stock valued at $759,000 after buying an additional 130 shares during the period. Mill Creek Capital Advisors LLC grew its stake in Grayscale Bitcoin Trust ETF by 3.2% in the 3rd quarter. Mill Creek Capital Advisors LLC now owns 4,588 shares of the company’s stock worth $412,000 after acquiring an additional 143 shares in the last quarter. Finally, Advisor OS LLC grew its stake in Grayscale Bitcoin Trust ETF by 4.4% in the 3rd quarter. Advisor OS LLC now owns 3,565 shares of the company’s stock worth $320,000 after acquiring an additional 150 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of NYSEARCA:GBTC opened at $46.41 on Thursday. The firm’s 50 day simple moving average is $56.37 and its 200-day simple moving average is $59.52. Grayscale Bitcoin Trust ETF has a one year low of $45.78 and a one year high of $99.12. The firm has a market cap of $11.17 billion, a PE ratio of 2.23 and a beta of 2.15.

Grayscale Bitcoin Trust ETF Company 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.