Fiduciary Alliance LLC Raises Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Fiduciary Alliance LLC increased its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 35.3% during the 4th quarter, Holdings Channel reports. The firm owned 103,771 shares of the company’s stock after acquiring an additional 27,088 shares during the period. Fiduciary Alliance LLC’s holdings in Grayscale Bitcoin Trust were worth $7,681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of GBTC. Greenwich Wealth Management LLC increased its holdings in shares of Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after buying an additional 538,256 shares during the last quarter. Magnolia Capital Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 2nd quarter valued at about $14,810,000. International Assets Investment Management LLC raised its holdings in shares of Grayscale Bitcoin Trust by 4,950.0% in the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after purchasing an additional 189,585 shares in the last quarter. Atlas Wealth Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at about $7,774,000. Finally, Virtu Financial LLC raised its stake in shares of Grayscale Bitcoin Trust by 158.8% during the 2nd quarter. Virtu Financial LLC now owns 137,123 shares of the company’s stock worth $7,300,000 after acquiring an additional 84,134 shares in the last quarter.

Grayscale Bitcoin Trust Stock Down 2.6 %

Shares of NYSEARCA GBTC traded down $1.96 during trading hours on Monday, hitting $73.12. 1,220,138 shares of the stock were exchanged, compared to its average volume of 2,947,350. The company has a market cap of $37.34 billion, a PE ratio of 2.29 and a beta of 1.25. The firm has a fifty day moving average price of $74.55 and a 200-day moving average price of $59.27. Grayscale Bitcoin Trust has a 12 month low of $34.31 and a 12 month high of $86.11.

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.