Hartmann Taylor Wealth Management LLC Buys 11,000 Shares of Grayscale Bitcoin Trust ETF $GBTC

Hartmann Taylor Wealth Management LLC lifted its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 448.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,455 shares of the company’s stock after buying an additional 11,000 shares during the quarter. Grayscale Bitcoin Trust ETF makes up about 0.6% of Hartmann Taylor Wealth Management LLC’s holdings, making the stock its 29th biggest holding. Hartmann Taylor Wealth Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westmount Partners LLC grew its position in Grayscale Bitcoin Trust ETF by 21.3% in the fourth quarter. Westmount Partners LLC now owns 9,686 shares of the company’s stock valued at $662,000 after acquiring an additional 1,703 shares during the period. Silver Oak Securities Incorporated lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 6.0% during the fourth quarter. Silver Oak Securities Incorporated now owns 3,910 shares of the company’s stock valued at $268,000 after acquiring an additional 220 shares during the period. Embree Financial Group boosted its stake in shares of Grayscale Bitcoin Trust ETF by 9.0% in the 4th quarter. Embree Financial Group now owns 12,687 shares of the company’s stock valued at $867,000 after purchasing an additional 1,050 shares in the last quarter. Elevatus Welath Management boosted its stake in shares of Grayscale Bitcoin Trust ETF by 27.6% in the 4th quarter. Elevatus Welath Management now owns 3,700 shares of the company’s stock valued at $253,000 after purchasing an additional 800 shares in the last quarter. Finally, CoreCap Advisors LLC grew its holdings in shares of Grayscale Bitcoin Trust ETF by 160.9% in the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $30,000 after purchasing an additional 272 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC opened at $52.76 on Wednesday. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. The firm’s 50-day simple moving average is $56.36 and its 200-day simple moving average is $70.81. Grayscale Bitcoin Trust ETF has a twelve month low of $48.56 and a twelve month high of $99.12.

About Grayscale Bitcoin Trust ETF

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.