HHM Wealth Advisors LLC Boosts Position in Grayscale Bitcoin Trust ETF $GBTC

HHM Wealth Advisors LLC boosted its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 42.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,144 shares of the company’s stock after purchasing an additional 944 shares during the period. HHM Wealth Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $267,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Palacios Wealth Management LLC bought a new position in Grayscale Bitcoin Trust ETF in the 1st quarter worth $65,170,000. DRW Securities LLC increased its holdings in Grayscale Bitcoin Trust ETF by 849.0% in the 1st quarter. DRW Securities LLC now owns 370,589 shares of the company’s stock worth $24,151,000 after acquiring an additional 331,538 shares in the last quarter. Cresset Asset Management LLC raised its stake in Grayscale Bitcoin Trust ETF by 27.0% during the 1st quarter. Cresset Asset Management LLC now owns 299,976 shares of the company’s stock worth $19,549,000 after acquiring an additional 63,749 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Grayscale Bitcoin Trust ETF by 3.1% during the first quarter. Commonwealth Equity Services LLC now owns 256,572 shares of the company’s stock valued at $16,721,000 after purchasing an additional 7,752 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its position in shares of Grayscale Bitcoin Trust ETF by 0.4% in the first quarter. Foundations Investment Advisors LLC now owns 144,456 shares of the company’s stock worth $9,414,000 after purchasing an additional 621 shares during the period.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC opened at $72.64 on Wednesday. The firm’s fifty day moving average is $86.92 and its 200 day moving average is $86.84. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a fifty-two week low of $59.79 and a fifty-two week 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.