Capital Advisors Wealth Management LLC Makes New Investment in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Capital Advisors Wealth Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,660 shares of the company’s stock, valued at approximately $271,000.

Several other hedge funds also recently made changes to their positions in the business. Bleakley Financial Group LLC lifted its stake in Grayscale Bitcoin Trust by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock valued at $3,050,000 after purchasing an additional 1,349 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter valued at $46,000. Intellectus Partners LLC lifted its position in shares of Grayscale Bitcoin Trust by 4.1% during the 3rd quarter. Intellectus Partners LLC now owns 79,934 shares of the company’s stock valued at $4,037,000 after acquiring an additional 3,165 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Grayscale Bitcoin Trust by 6.3% during the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock worth $235,000 after acquiring an additional 276 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Grayscale Bitcoin Trust by 25.6% in the 3rd quarter. Cerity Partners LLC now owns 44,913 shares of the company’s stock worth $2,268,000 after acquiring an additional 9,152 shares during the last quarter.

Grayscale Bitcoin Trust Stock Up 0.7 %

Shares of Grayscale Bitcoin Trust stock opened at $79.56 on Friday. Grayscale Bitcoin Trust has a 12-month low of $34.31 and a 12-month high of $86.11. The firm has a market capitalization of $40.63 billion, a PE ratio of 2.29 and a beta of 1.25. The stock’s fifty day moving average is $76.13 and its 200-day moving average is $59.84.

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.