Upper Left Wealth Management LLC Buys 1,009 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Upper Left Wealth Management LLC boosted its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 5.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,014 shares of the company’s stock after acquiring an additional 1,009 shares during the quarter. Grayscale Bitcoin Trust accounts for approximately 1.3% of Upper Left Wealth Management LLC’s portfolio, making the stock its 26th largest holding. Upper Left Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $1,481,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Mutual Advisors LLC grew its holdings in shares of Grayscale Bitcoin Trust by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after purchasing an additional 146 shares during the last quarter. Synovus Financial Corp grew its stake 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 buying an additional 169 shares during the last quarter. Flagstar Advisors Inc. increased its holdings in shares of Grayscale Bitcoin Trust by 2.7% in the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after buying an additional 196 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of Grayscale Bitcoin Trust by 5.5% in the 4th quarter. Cornerstone Wealth Management LLC now owns 4,324 shares of the company’s stock valued at $320,000 after acquiring an additional 224 shares during the last quarter. Finally, Atticus Wealth Management LLC boosted its holdings in Grayscale Bitcoin Trust by 18.7% during the 4th quarter. Atticus Wealth Management LLC now owns 1,723 shares of the company’s stock valued at $128,000 after acquiring an additional 271 shares during the period.

Grayscale Bitcoin Trust Price Performance

GBTC opened at $83.18 on Friday. Grayscale Bitcoin Trust has a 1 year low of $37.73 and a 1 year high of $86.11. The stock’s 50 day simple moving average is $78.22 and its 200 day simple moving average is $61.79. The firm has a market cap of $42.48 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.