Fermata Advisors LLC Trims Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Fermata Advisors LLC decreased its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 23.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,321 shares of the company’s stock after selling 991 shares during the quarter. Fermata Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $246,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Armstrong Advisory Group Inc. lifted its position in shares of Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after acquiring an additional 310 shares in the last quarter. West Oak Capital LLC raised its stake in Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares during the period. Hollencrest Capital Management raised its stake in Grayscale Bitcoin Trust by 88.9% during the 2nd quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock valued at $45,000 after purchasing an additional 400 shares during the period. ORG Wealth Partners LLC purchased a new position in Grayscale Bitcoin Trust in the 3rd quarter worth approximately $46,000. Finally, Future Financial Wealth Managment LLC bought a new position in Grayscale Bitcoin Trust in the 3rd quarter worth approximately $50,000.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $83.05 on Friday. Grayscale Bitcoin Trust has a 1 year low of $34.31 and a 1 year high of $86.11. The firm’s 50 day moving average price is $76.57 and its 200-day moving average price is $60.03. The stock has a market cap of $42.41 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.