Concurrent Investment Advisors LLC Has $282,000 Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Concurrent Investment Advisors LLC lessened its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,808 shares of the company’s stock after selling 190 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Greenwich Wealth Management LLC boosted its holdings in Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after purchasing an additional 538,256 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $19,360,000. Citrine Capital LLC bought a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $7,721,000. Larson Financial Group LLC grew its position in Grayscale Bitcoin Trust by 204.3% during the third quarter. Larson Financial Group LLC now owns 102,433 shares of the company’s stock worth $5,173,000 after buying an additional 68,768 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in Grayscale Bitcoin Trust during the 3rd quarter worth $2,772,000.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC opened at $69.62 on Wednesday. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The stock has a market capitalization of $17.60 billion, a PE ratio of 2.23 and a beta of 2.51. The business has a fifty day moving average price of $77.95 and a two-hundred day moving average price of $64.78.

About Grayscale Bitcoin Trust

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.