MONECO Advisors LLC Raises Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

MONECO Advisors LLC boosted its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,715 shares of the company’s stock after purchasing an additional 1,768 shares during the quarter. MONECO Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $5,826,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Activest Wealth Management raised its holdings in shares of Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares during the last quarter. Mutual Advisors LLC raised its holdings in shares of Grayscale Bitcoin Trust by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after acquiring an additional 146 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after acquiring an additional 169 shares during the last quarter. Flagstar Advisors Inc. raised its holdings in shares of Grayscale Bitcoin Trust by 2.7% during the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after acquiring an additional 196 shares during the last quarter. Finally, Choreo LLC raised its holdings in shares of Grayscale Bitcoin Trust by 0.8% during 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

Shares of Grayscale Bitcoin Trust stock opened at $75.06 on Friday. The business has a 50 day simple moving average of $78.14 and a two-hundred day simple moving average of $64.31. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The stock has a market capitalization of $18.97 billion, a P/E ratio of 2.23 and a beta of 2.51.

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.