Blue Trust Inc. Has $1.44 Million Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Blue Trust Inc. grew its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 19.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,444 shares of the company’s stock after acquiring an additional 3,114 shares during the quarter. Blue Trust Inc.’s holdings in Grayscale Bitcoin Trust were worth $1,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GBTC. Armstrong Advisory Group Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 310.0% during 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 period. Activest Wealth Management lifted its stake in Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the last quarter. West Oak Capital LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares in the last quarter. Icon Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at $53,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter worth $56,000.

Grayscale Bitcoin Trust Stock Up 1.0 %

NYSEARCA:GBTC opened at $77.01 on Friday. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11. The stock’s 50-day simple moving average is $78.40 and its 200 day simple moving average is $63.46. The firm has a market capitalization of $39.33 billion, a PE 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.