Secure Asset Management LLC Has $488,000 Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Secure Asset Management LLC lowered its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 25.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,596 shares of the company’s stock after selling 2,266 shares during the quarter. Secure Asset Management LLC’s holdings in Grayscale Bitcoin Trust were worth $488,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Red Door Wealth Management LLC increased its position in Grayscale Bitcoin Trust by 1.5% during the fourth quarter. Red Door Wealth Management LLC now owns 97,841 shares of the company’s stock worth $7,242,000 after acquiring an additional 1,411 shares during the period. Avior Wealth Management LLC increased its holdings in shares of Grayscale Bitcoin Trust by 225.5% during the fourth quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock worth $120,000 after purchasing an additional 1,123 shares during the period. Mutual Advisors LLC raised its position in shares of Grayscale Bitcoin Trust by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after buying an additional 146 shares in the last quarter. Kelleher Financial Advisors raised its position in shares of Grayscale Bitcoin Trust by 37.6% in the fourth quarter. Kelleher Financial Advisors now owns 7,861 shares of the company’s stock valued at $582,000 after buying an additional 2,150 shares in the last quarter. Finally, Oxinas Partners Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $203,000.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $83.17 on Friday. The stock’s fifty day moving average price is $77.79 and its two-hundred day moving average price is $61.09. The firm has a market cap of $42.48 billion, a PE ratio of 2.29 and a beta of 1.25. 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.