HHM Wealth Advisors LLC Has $199,000 Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

HHM Wealth Advisors LLC lifted its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 15.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,740 shares of the company’s stock after acquiring an additional 500 shares during the period. HHM Wealth Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $199,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Square Asset Management LLC grew its position in Grayscale Bitcoin Trust by 11.4% in the 2nd quarter. Blue Square Asset Management LLC now owns 92,334 shares of the company’s stock worth $4,916,000 after purchasing an additional 9,430 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Grayscale Bitcoin Trust by 84.7% in the second quarter. Headlands Technologies LLC now owns 3,599 shares of the company’s stock valued at $192,000 after buying an additional 1,650 shares during the period. Van Hulzen Asset Management LLC grew its position in Grayscale Bitcoin Trust by 1.4% during the second quarter. Van Hulzen Asset Management LLC now owns 94,506 shares of the company’s stock worth $5,032,000 after buying an additional 1,350 shares in the last quarter. Beam Wealth Advisors Inc. bought a new position in Grayscale Bitcoin Trust during the second quarter valued at about $811,000. Finally, Choreo LLC raised its holdings in Grayscale Bitcoin Trust by 40.6% in the 2nd quarter. Choreo LLC now owns 28,220 shares of the company’s stock valued at $1,581,000 after acquiring an additional 8,156 shares in the last quarter.

Grayscale Bitcoin Trust Trading Down 0.6 %

Shares of GBTC stock opened at $45.90 on Thursday. Grayscale Bitcoin Trust has a 12 month low of $18.04 and a 12 month high of $65.61. The company has a market capitalization of $23.44 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock has a 50 day moving average of $50.32 and a two-hundred day moving average of $55.63.

Grayscale Bitcoin Trust 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.