Avantax Planning Partners Inc. Has $239,000 Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Avantax Planning Partners Inc. reduced its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 35.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,223 shares of the company’s stock after selling 1,803 shares during the period. Avantax Planning Partners Inc.’s holdings in Grayscale Bitcoin Trust were worth $239,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. grew its holdings in 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 boosted its position in shares of Grayscale Bitcoin Trust by 53.0% during the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares in the last quarter. Synergy Investment Management LLC bought a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $30,000. Cullen Frost Bankers Inc. bought a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $36,000. Finally, Bear Mountain Capital Inc. boosted its position in shares of 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 purchasing an additional 325 shares in the last quarter.

Grayscale Bitcoin Trust Price Performance

GBTC stock opened at $65.57 on Thursday. The stock has a market capitalization of $16.22 billion, a PE ratio of 2.23 and a beta of 2.59. The company’s 50-day moving average is $75.72 and its 200-day moving average is $66.31. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11.

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.