Kelleher Financial Advisors Buys 2,150 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Kelleher Financial Advisors lifted its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 37.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,861 shares of the company’s stock after buying an additional 2,150 shares during the quarter. Kelleher Financial Advisors’ holdings in Grayscale Bitcoin Trust were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in GBTC. Armstrong Advisory Group Inc. raised its stake in Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after purchasing an additional 310 shares during the period. West Oak Capital LLC raised its stake in Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares during the period. ORG Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust during the 3rd quarter valued at approximately $46,000. Future Financial Wealth Managment LLC purchased a new position in Grayscale Bitcoin Trust during the 3rd quarter valued at approximately $50,000. Finally, Icon Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Trust during the 3rd quarter valued at approximately $53,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA GBTC opened at $82.70 on Thursday. The stock has a market capitalization of $42.24 billion, a PE ratio of 2.29 and a beta of 1.25. The business has a 50 day simple moving average of $77.10 and a two-hundred day simple moving average of $60.56. Grayscale Bitcoin Trust has a 1-year low of $34.31 and a 1-year 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.