MONECO Advisors LLC Raises Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

MONECO Advisors LLC lifted its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 78,715 shares of the company’s stock after buying an additional 1,768 shares during the quarter. MONECO Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $5,826,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of GBTC. Armstrong Advisory Group Inc. boosted its stake in shares of Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after buying an additional 310 shares during the last quarter. Activest Wealth Management boosted its stake in shares of Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after buying an additional 140 shares during the last quarter. Bear Mountain Capital Inc. boosted its stake in shares of Grayscale Bitcoin Trust by 162.5% in the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after buying an additional 325 shares during the last quarter. Icon Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the third quarter worth about $53,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in Grayscale Bitcoin Trust during the third quarter worth approximately $56,000.

Grayscale Bitcoin Trust Trading Down 3.8 %

Shares of GBTC stock opened at $75.06 on Friday. The company has a market capitalization of $18.97 billion, a P/E ratio of 2.23 and a beta of 2.51. The business’s 50 day moving average is $78.14 and its two-hundred day moving average is $64.31. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11.

Grayscale Bitcoin Trust Company 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.