Wealth Alliance Advisory Group LLC Reduces Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Wealth Alliance Advisory Group LLC trimmed its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,744 shares of the company’s stock after selling 150 shares during the quarter. Wealth Alliance Advisory Group LLC’s holdings in Grayscale Bitcoin Trust were worth $943,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. increased its stake in Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares in the last quarter. West Oak Capital LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares during the last quarter. Hollencrest Capital Management boosted its holdings in shares of Grayscale Bitcoin Trust by 88.9% in the 2nd quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock worth $45,000 after purchasing an additional 400 shares during the period. ORG Wealth Partners LLC bought a new position in Grayscale Bitcoin Trust during the third quarter valued at $46,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Grayscale Bitcoin Trust in the 3rd quarter worth about $50,000.

Grayscale Bitcoin Trust Stock Up 4.4 %

GBTC opened at $83.05 on Friday. The business has a fifty day moving average of $76.57 and a 200 day moving average of $60.07. Grayscale Bitcoin Trust has a 52-week low of $34.31 and a 52-week high of $86.11. The stock has a market cap of $42.41 billion, a P/E 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.