Activest Wealth Management Grows Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Activest Wealth Management boosted its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 53.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 404 shares of the company’s stock after buying an additional 140 shares during the quarter. Activest Wealth Management’s holdings in Grayscale Bitcoin Trust were worth $30,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. West Oak Capital LLC raised its position in Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares during the period. ORG Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust in the third quarter worth about $46,000. Icon Wealth Advisors LLC bought a new stake in Grayscale Bitcoin Trust in the third quarter worth about $53,000. Finally, Safe Harbor Fiduciary LLC purchased a new position in shares of Grayscale Bitcoin Trust during the third quarter valued at approximately $56,000.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA GBTC opened at $75.85 on Monday. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The company has a market cap of $38.74 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The business’s 50 day moving average price is $78.55 and its 200-day moving average price is $62.80.

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.