Traphagen Investment Advisors LLC Lowers Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Traphagen Investment Advisors LLC lessened its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 95,290 shares of the company’s stock after selling 6,047 shares during the quarter. Grayscale Bitcoin Trust makes up about 0.7% of Traphagen Investment Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Traphagen Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $7,053,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AE Wealth Management LLC increased its position in Grayscale Bitcoin Trust by 611.0% during the 2nd quarter. AE Wealth Management LLC now owns 33,603 shares of the company’s stock valued at $1,789,000 after buying an additional 28,877 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Grayscale Bitcoin Trust by 286.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,933 shares of the company’s stock valued at $257,000 after buying an additional 3,658 shares in the last quarter. Bank of Montreal Can increased its position in Grayscale Bitcoin Trust by 80.5% during the 2nd quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock valued at $1,057,000 after buying an additional 8,533 shares in the last quarter. Insigneo Advisory Services LLC bought a new position in Grayscale Bitcoin Trust during the 2nd quarter valued at approximately $387,000. Finally, Affinity Capital Advisors LLC bought a new position in Grayscale Bitcoin Trust during the 2nd quarter valued at approximately $269,000.

Grayscale Bitcoin Trust Stock Up 1.3 %

GBTC stock opened at $84.12 on Wednesday. The firm has a market cap of $42.96 billion, a PE ratio of 2.29 and a beta of 1.25. The business has a 50 day moving average of $76.85 and a 200 day moving average of $60.32. Grayscale Bitcoin Trust has a twelve month low of $34.31 and a twelve 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.