Ballast Financial Advisors LLC Takes $1.31 Million Position in Grayscale Bitcoin Trust ETF $GBTC

Ballast Financial Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 19,161 shares of the company’s stock, valued at approximately $1,310,000. Grayscale Bitcoin Trust ETF comprises 1.3% of Ballast Financial Advisors LLC’s investment portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 2,386 shares of the company’s stock valued at $202,000 after purchasing an additional 125 shares during the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 2.1% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 5,942 shares of the company’s stock valued at $504,000 after purchasing an additional 125 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 1.5% during the 2nd quarter. EP Wealth Advisors LLC now owns 8,952 shares of the company’s stock valued at $759,000 after purchasing an additional 130 shares during the last quarter. Mill Creek Capital Advisors LLC increased its position in shares of Grayscale Bitcoin Trust ETF by 3.2% in the 3rd quarter. Mill Creek Capital Advisors LLC now owns 4,588 shares of the company’s stock valued at $412,000 after acquiring an additional 143 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in shares of Grayscale Bitcoin Trust ETF by 2.4% in the 3rd quarter. Koshinski Asset Management Inc. now owns 6,225 shares of the company’s stock valued at $559,000 after acquiring an additional 148 shares during the period.

Grayscale Bitcoin Trust ETF Price Performance

NYSEARCA GBTC opened at $49.85 on Thursday. The stock’s fifty day moving average price is $57.11 and its 200 day moving average price is $60.31. Grayscale Bitcoin Trust ETF has a 1 year low of $45.88 and a 1 year high of $99.12. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 2.23 and a beta of 2.15.

Grayscale Bitcoin Trust ETF 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.