Pasadena Private Wealth LLC Has $9.99 Million Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Pasadena Private Wealth LLC lessened its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,988 shares of the company’s stock after selling 3,703 shares during the period. Grayscale Bitcoin Trust accounts for about 2.0% of Pasadena Private Wealth LLC’s portfolio, making the stock its 12th biggest position. Pasadena Private Wealth LLC’s holdings in Grayscale Bitcoin Trust were worth $9,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the stock. Activest Wealth Management raised its stake in Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after purchasing an additional 140 shares in the last quarter. Mutual Advisors LLC increased its holdings in Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after buying an additional 146 shares during the period. Synovus Financial Corp lifted its holdings in shares of Grayscale Bitcoin Trust by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after acquiring an additional 169 shares during the period. Flagstar Advisors Inc. boosted its position in shares of Grayscale Bitcoin Trust by 2.7% during the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after acquiring an additional 196 shares in the last quarter. Finally, Choreo LLC increased its stake in Grayscale Bitcoin Trust by 0.8% in the fourth quarter. Choreo LLC now owns 27,301 shares of the company’s stock valued at $2,026,000 after acquiring an additional 212 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

NYSEARCA GBTC opened at $74.48 on Wednesday. The business has a fifty day moving average price of $78.41 and a two-hundred day moving average price of $63.73. The stock has a market capitalization of $18.83 billion, a PE ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week 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.