Wealth Alliance Advisory Group LLC Sells 150 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Wealth Alliance Advisory Group LLC reduced its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,744 shares of the company’s stock after selling 150 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in Grayscale Bitcoin Trust were worth $943,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. lifted its stake in Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares during the last quarter. West Oak Capital LLC increased its stake in shares of Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after buying an additional 320 shares during the period. Hollencrest Capital Management raised its holdings in Grayscale Bitcoin Trust by 88.9% during the 2nd quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock valued at $45,000 after buying an additional 400 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in Grayscale Bitcoin Trust during the 3rd quarter valued at $46,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the third quarter worth about $50,000.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $83.05 on Friday. The firm has a market capitalization of $42.41 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a one year low of $34.31 and a one year high of $86.11. The business has a 50 day simple moving average of $76.57 and a two-hundred day simple moving average of $60.07.

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.