Cetera Investment Advisers Has $16.38 Million Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Cetera Investment Advisers trimmed its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 10.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 221,267 shares of the company’s stock after selling 25,191 shares during the period. Cetera Investment Advisers’ holdings in Grayscale Bitcoin Trust were worth $16,378,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. HBW Advisory Services LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at about $384,000. West Oak Capital LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 53.1% in the 4th quarter. West Oak Capital LLC now owns 980 shares of the company’s stock worth $73,000 after purchasing an additional 340 shares in the last quarter. Fiduciary Alliance LLC grew its position in Grayscale Bitcoin Trust by 35.3% in the 4th quarter. Fiduciary Alliance LLC now owns 103,771 shares of the company’s stock valued at $7,681,000 after purchasing an additional 27,088 shares during the period. Brookstone Capital Management raised its holdings in Grayscale Bitcoin Trust by 1.3% during the fourth quarter. Brookstone Capital Management now owns 128,233 shares of the company’s stock worth $9,492,000 after buying an additional 1,612 shares during the last quarter. Finally, Enterprise Bank & Trust Co bought a new position in shares of Grayscale Bitcoin Trust in the fourth quarter valued at $274,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA:GBTC opened at $81.47 on Friday. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The company has a market cap of $19.66 billion, a PE ratio of 2.23 and a beta of 2.51. The firm has a 50-day moving average of $68.93 and a 200-day moving average of $72.14.

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.