MCIA Inc Has $216,000 Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

MCIA Inc lessened its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 3.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,274 shares of the company’s stock after selling 141 shares during the quarter. MCIA Inc’s holdings in Grayscale Bitcoin Trust were worth $216,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bleakley Financial Group LLC lifted its stake in shares of Grayscale Bitcoin Trust by 2.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock worth $3,050,000 after buying an additional 1,349 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter worth about $46,000. Western Wealth Management LLC lifted its stake in shares of Grayscale Bitcoin Trust by 30.2% during the 2nd quarter. Western Wealth Management LLC now owns 13,068 shares of the company’s stock worth $696,000 after buying an additional 3,030 shares during the last quarter. Comerica Bank acquired a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter worth about $361,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 2nd quarter worth about $320,000.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA GBTC opened at $80.70 on Friday. The firm has a 50-day moving average of $62.00 and a 200-day moving average of $56.17. The stock has a market cap of $41.21 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52-week low of $31.93 and a 52-week high of $82.44.

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.