Claro Advisors LLC Has $7.91 Million Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Claro Advisors LLC lowered its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,842 shares of the company’s stock after selling 958 shares during the quarter. Grayscale Bitcoin Trust comprises 1.1% of Claro Advisors LLC’s holdings, making the stock its 19th biggest position. Claro Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $7,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of GBTC. West Oak Capital LLC increased its position in shares of Grayscale Bitcoin Trust by 100.0% in 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. Hollencrest Capital Management grew its stake in Grayscale Bitcoin Trust by 88.9% during the second quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock worth $45,000 after buying an additional 400 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Grayscale Bitcoin Trust in the 3rd quarter valued at about $46,000. Future Financial Wealth Managment LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at approximately $50,000. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter worth approximately $53,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA:GBTC traded down $1.89 during mid-day trading on Monday, reaching $73.19. The stock had a trading volume of 2,888,378 shares, compared to its average volume of 3,204,360. The stock has a 50-day simple moving average of $74.55 and a two-hundred day simple moving average of $59.27. Grayscale Bitcoin Trust has a 12 month low of $34.31 and a 12 month high of $86.11. The stock has a market capitalization of $37.38 billion, a PE ratio of 2.29 and a beta of 1.25.

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.