Grayscale Bitcoin Trust (NYSEARCA:GBTC) Position Trimmed by Mills Wealth Advisors LLC

Mills Wealth Advisors LLC cut its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,631 shares of the company’s stock after selling 3,669 shares during the quarter. Grayscale Bitcoin Trust accounts for 1.2% of Mills Wealth Advisors LLC’s portfolio, making the stock its 18th largest holding. Mills Wealth Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $2,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Activest Wealth Management boosted its stake in Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the period. Armstrong Advisory Group Inc. boosted its stake 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 in the last quarter. Bear Mountain Capital Inc. lifted its position in Grayscale Bitcoin Trust by 162.5% during the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after acquiring an additional 325 shares during the last quarter. Financial Life Planners bought a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $61,000. Finally, West Oak Capital LLC increased its stake in Grayscale Bitcoin Trust by 53.1% during the fourth quarter. West Oak Capital LLC now owns 980 shares of the company’s stock valued at $73,000 after acquiring an additional 340 shares during the period.

Grayscale Bitcoin Trust Trading Down 1.1 %

Shares of GBTC stock opened at $65.95 on Friday. The company has a market capitalization of $16.67 billion, a P/E ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The stock has a 50 day moving average of $77.18 and a two-hundred day moving average of $64.95.

Grayscale Bitcoin Trust 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.