Carret Asset Management LLC Raises Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Carret Asset Management LLC boosted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,634 shares of the company’s stock after buying an additional 196 shares during the quarter. Carret Asset Management LLC’s holdings in Grayscale Bitcoin Trust were worth $491,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wealth Quarterback LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $215,000. RFG Advisory LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $262,000. Arkadios Wealth Advisors purchased a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $245,000. Mutual Advisors LLC increased its position in shares of Grayscale Bitcoin Trust by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $692,000.

Grayscale Bitcoin Trust Stock Up 5.6 %

NYSEARCA GBTC opened at $66.95 on Friday. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The firm has a market capitalization of $16.56 billion, a P/E ratio of 2.23 and a beta of 2.59. The company has a 50-day moving average price of $75.23 and a 200-day moving average price of $66.40.

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.