SRS Capital Advisors Inc. grew its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 28.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,549 shares of the company’s stock after acquiring an additional 1,004 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Grayscale Bitcoin Trust were worth $337,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in GBTC. Armstrong Advisory Group Inc. raised its holdings in shares of Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after buying an additional 310 shares during the last quarter. Activest Wealth Management increased its stake in shares of Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after acquiring an additional 140 shares during the period. Bear Mountain Capital Inc. increased its stake in shares of Grayscale Bitcoin Trust by 162.5% during the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after acquiring an additional 325 shares during the period. Icon Wealth Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust during the third quarter worth about $53,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Grayscale Bitcoin Trust during the third quarter worth about $56,000.
Grayscale Bitcoin Trust Stock Up 2.1 %
Shares of Grayscale Bitcoin Trust stock opened at $68.03 on Tuesday. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The company’s 50-day simple moving average is $76.86 and its 200-day simple moving average is $65.49. The firm has a market cap of $17.20 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51.
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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