MONECO Advisors LLC Has $3.89 Million Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

MONECO Advisors LLC lessened its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 76,947 shares of the company’s stock after selling 223 shares during the quarter. MONECO Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $3,886,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. bought a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter worth $26,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $27,000. Global Wealth Strategies & Associates purchased a new stake in shares of Grayscale Bitcoin Trust during the 2nd quarter valued at $27,000. Hollencrest Capital Management purchased a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $28,000. Finally, ZRC Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 2nd quarter valued at $29,000.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock traded up $1.52 during trading hours on Tuesday, hitting $56.90. 627,035 shares of the company’s stock traded hands, compared to its average volume of 9,235,630. Grayscale Bitcoin Trust has a 12-month low of $25.70 and a 12-month high of $65.61. The stock has a market capitalization of $29.06 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The company has a fifty day simple moving average of $49.50 and a 200-day simple moving average of $53.49.

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.