Atlas Wealth Partners LLC Has $11.29 Million Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Atlas Wealth Partners LLC lowered its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 152,552 shares of the company’s stock after selling 1,380 shares during the quarter. Grayscale Bitcoin Trust comprises 14.3% of Atlas Wealth Partners LLC’s portfolio, making the stock its 3rd biggest position. Atlas Wealth Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $11,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the stock. Leavell Investment Management Inc. bought a new position in Grayscale Bitcoin Trust in the 4th quarter worth approximately $252,000. Portfolio Design Labs LLC bought a new position in Grayscale Bitcoin Trust in the 4th quarter worth approximately $225,000. Bonfire Financial bought a new position in Grayscale Bitcoin Trust in the 4th quarter worth approximately $228,000. Essex Financial Services Inc. raised its position in Grayscale Bitcoin Trust by 2.3% in the 4th quarter. Essex Financial Services Inc. now owns 12,459 shares of the company’s stock worth $922,000 after purchasing an additional 285 shares during the last quarter. Finally, BostonPremier Wealth LLC bought a new position in Grayscale Bitcoin Trust in the 4th quarter worth approximately $234,000.

Grayscale Bitcoin Trust Price Performance

GBTC stock opened at $75.40 on Wednesday. The company has a 50 day moving average price of $78.57 and a 200 day moving average price of $62.97. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The stock has a market capitalization of $38.51 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.