Kelleher Financial Advisors Grows Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Kelleher Financial Advisors raised its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 37.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,861 shares of the company’s stock after acquiring an additional 2,150 shares during the period. Kelleher Financial Advisors’ holdings in Grayscale Bitcoin Trust were worth $582,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in shares of Grayscale Bitcoin Trust by 286.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,933 shares of the company’s stock valued at $257,000 after buying an additional 3,658 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Grayscale Bitcoin Trust by 80.5% during the second quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock valued at $1,057,000 after buying an additional 8,533 shares during the last quarter. Insigneo Advisory Services LLC bought a new position in Grayscale Bitcoin Trust in the second quarter valued at about $387,000. Affinity Capital Advisors LLC bought a new position in Grayscale Bitcoin Trust in the second quarter valued at about $269,000. Finally, Abich Financial Wealth Management LLC bought a new position in Grayscale Bitcoin Trust in the second quarter valued at about $73,000.

Grayscale Bitcoin Trust Stock Performance

GBTC stock opened at $82.70 on Thursday. Grayscale Bitcoin Trust has a fifty-two week low of $34.31 and a fifty-two week high of $86.11. The business’s 50-day moving average is $77.10 and its two-hundred day moving average is $60.56. The company has a market cap of $42.24 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.