Wealth Enhancement Advisory Services LLC Cuts Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,879 shares of the company’s stock after selling 202 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Grayscale Bitcoin Trust were worth $12,945,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. West Oak Capital LLC grew 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 acquiring an additional 320 shares in the last quarter. Hollencrest Capital Management grew its stake in Grayscale Bitcoin Trust by 88.9% during the 2nd quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock valued at $45,000 after acquiring an additional 400 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Grayscale Bitcoin Trust during the 3rd quarter valued at about $46,000. Future Financial Wealth Managment LLC purchased a new stake in Grayscale Bitcoin Trust during the 3rd quarter valued at about $50,000. Finally, Icon Wealth Advisors LLC purchased a new stake in Grayscale Bitcoin Trust during the 3rd quarter valued at about $53,000.

Grayscale Bitcoin Trust Trading Up 0.8 %

Shares of NYSEARCA GBTC opened at $75.08 on Monday. Grayscale Bitcoin Trust has a 12-month low of $34.31 and a 12-month high of $86.11. The stock has a market cap of $38.34 billion, a PE ratio of 2.29 and a beta of 1.25. The company has a 50-day moving average of $74.55 and a 200 day moving average of $59.27.

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.