Grayscale Bitcoin Trust (NYSEARCA:GBTC) Stock Position Raised by Red Door Wealth Management LLC

Red Door Wealth Management LLC boosted its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,841 shares of the company’s stock after acquiring an additional 1,411 shares during the period. Grayscale Bitcoin Trust comprises about 1.1% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Red Door Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $7,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GBTC. Armstrong Advisory Group Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares during the last quarter. West Oak Capital LLC lifted its stake in Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after buying an additional 320 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Grayscale Bitcoin Trust during the third quarter valued at $46,000. Future Financial Wealth Managment LLC bought a new position in shares of Grayscale Bitcoin Trust during the third quarter worth about $50,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust during the third quarter worth about $53,000.

Grayscale Bitcoin Trust Stock Down 1.0 %

Shares of NYSEARCA:GBTC opened at $81.90 on Friday. The company’s 50-day moving average price is $77.33 and its 200 day moving average price is $60.71. The company has a market cap of $41.83 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $35.22 and a fifty-two week high of $86.11.

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.