Montz Harcus Wealth Management LLC Has $721,000 Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Montz Harcus Wealth Management LLC lessened its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,741 shares of the company’s stock after selling 214 shares during the quarter. Grayscale Bitcoin Trust accounts for approximately 0.4% of Montz Harcus Wealth Management LLC’s holdings, making the stock its 28th largest holding. Montz Harcus Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $721,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of GBTC. Arkadios Wealth Advisors bought a new position in Grayscale Bitcoin Trust in the fourth quarter valued at $245,000. Avior Wealth Management LLC raised its holdings in Grayscale Bitcoin Trust by 225.5% in the 4th quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock valued at $120,000 after acquiring an additional 1,123 shares during the period. SJS Investment Consulting Inc. boosted its stake in Grayscale Bitcoin Trust by 109.7% in the 4th quarter. SJS Investment Consulting Inc. now owns 57,565 shares of the company’s stock valued at $4,261,000 after purchasing an additional 30,112 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock worth $3,050,000 after buying an additional 1,349 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust in the third quarter valued at approximately $46,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA:GBTC opened at $75.40 on Wednesday. The company’s 50 day simple moving average is $78.57 and its 200 day simple moving average is $62.97. The stock has a market capitalization of $38.51 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11.

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.