Concurrent Investment Advisors LLC Has $282,000 Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Concurrent Investment Advisors LLC cut its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,808 shares of the company’s stock after selling 190 shares during the period. Concurrent Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $282,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GBTC. Allworth Financial LP boosted its holdings in shares of Grayscale Bitcoin Trust by 300.8% in the 3rd quarter. Allworth Financial LP now owns 17,521 shares of the company’s stock valued at $885,000 after buying an additional 13,149 shares during the last quarter. PFG Investments LLC raised its position in Grayscale Bitcoin Trust by 60.1% during the third quarter. PFG Investments LLC now owns 12,806 shares of the company’s stock worth $647,000 after acquiring an additional 4,806 shares in the last quarter. Integrated Advisors Network LLC lifted its stake in Grayscale Bitcoin Trust by 3.0% in the third quarter. Integrated Advisors Network LLC now owns 27,721 shares of the company’s stock valued at $1,400,000 after acquiring an additional 800 shares during the last quarter. Highline Wealth Partners LLC bought a new position in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at about $147,000. Finally, SteelPeak Wealth LLC increased its stake in shares of Grayscale Bitcoin Trust by 30.9% during the 3rd quarter. SteelPeak Wealth LLC now owns 5,140 shares of the company’s stock worth $260,000 after purchasing an additional 1,213 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC stock opened at $69.62 on Wednesday. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The stock has a market cap of $17.60 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51. The firm’s 50-day moving average is $77.95 and its 200-day moving average is $64.78.

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.