Blair William & Co. IL Raises Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Blair William & Co. IL grew its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,413 shares of the company’s stock after acquiring an additional 1,117 shares during the quarter. Blair William & Co. IL’s holdings in Grayscale Bitcoin Trust were worth $8,099,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC lifted its holdings in Grayscale Bitcoin Trust by 4,462.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock valued at $155,735,000 after acquiring an additional 2,057,850 shares during the period. LPL Financial LLC lifted its stake in shares of Grayscale Bitcoin Trust by 0.4% in the 4th quarter. LPL Financial LLC now owns 1,121,456 shares of the company’s stock worth $83,010,000 after purchasing an additional 4,728 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth approximately $19,360,000. Foundations Investment Advisors LLC increased its holdings in Grayscale Bitcoin Trust by 25.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 143,835 shares of the company’s stock valued at $10,647,000 after buying an additional 29,389 shares during the last quarter. Finally, SLT Holdings LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth $10,203,000.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $66.18 on Friday. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The firm has a fifty day moving average price of $73.26 and a 200-day moving average price of $68.03.

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.