Atlas Private Wealth Advisors Has $315,000 Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Atlas Private Wealth Advisors lowered its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 46.4% in the fourth quarter, HoldingsChannel reports. The fund owned 4,250 shares of the company’s stock after selling 3,673 shares during the period. Atlas Private Wealth Advisors’ holdings in Grayscale Bitcoin Trust were worth $315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Armstrong Advisory Group Inc. increased its holdings 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 worth $30,000 after acquiring an additional 310 shares in the last quarter. West Oak Capital LLC raised its position in shares of Grayscale Bitcoin Trust by 100.0% during the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the third quarter worth about $46,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the third quarter worth about $50,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the third quarter worth about $53,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA GBTC opened at $83.17 on Friday. The firm has a market cap of $42.48 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock’s 50-day moving average is $77.79 and its 200-day moving average is $61.09. Grayscale Bitcoin Trust has a one year low of $35.24 and a one 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.