Avior Wealth Management LLC Increases Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Avior Wealth Management LLC boosted its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 225.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,621 shares of the company’s stock after acquiring an additional 1,123 shares during the period. Avior Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $120,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GBTC. Armstrong Advisory Group Inc. grew its holdings 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 acquiring an additional 310 shares during the last quarter. West Oak Capital LLC grew its holdings in Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after acquiring an additional 320 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust in the 3rd quarter worth $46,000. Future Financial Wealth Managment LLC bought a new stake in Grayscale Bitcoin Trust in the 3rd quarter worth $50,000. Finally, Icon Wealth Advisors LLC bought a new stake in Grayscale Bitcoin Trust in the 3rd quarter worth $53,000.

Grayscale Bitcoin Trust Stock Down 0.1 %

Shares of Grayscale Bitcoin Trust stock opened at $80.17 on Wednesday. The firm has a market cap of $40.94 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12-month low of $37.31 and a 12-month high of $86.11. The company’s fifty day simple moving average is $77.94 and its two-hundred day simple moving average is $61.44.

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.