Arkadios Wealth Advisors Buys Shares of 3,313 Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Arkadios Wealth Advisors purchased a new position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,313 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Synovus Financial Corp raised its holdings in Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after acquiring an additional 169 shares during the last quarter. Flagstar Advisors Inc. increased its stake in Grayscale Bitcoin Trust by 2.7% in the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after purchasing an additional 196 shares during the last quarter. Cornerstone Wealth Management LLC lifted its position in Grayscale Bitcoin Trust by 6.7% during the third quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock worth $207,000 after buying an additional 257 shares during the period. Sound Income Strategies LLC boosted its stake in Grayscale Bitcoin Trust by 6.3% in the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock worth $235,000 after buying an additional 276 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in 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 buying an additional 310 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

NYSEARCA GBTC opened at $81.90 on Friday. The company has a market cap of $41.83 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $35.22 and a 12 month high of $86.11. The company has a 50-day moving average of $77.33 and a 200-day moving average of $60.71.

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.