Brighton Jones LLC reduced its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 29.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,900 shares of the company’s stock after selling 1,217 shares during the period. Brighton Jones LLC’s holdings in Grayscale Bitcoin Trust were worth $215,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Hengehold Capital Management LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $201,000. Red Door Wealth Management LLC lifted its stake in shares of Grayscale Bitcoin Trust by 1.5% in the 4th quarter. Red Door Wealth Management LLC now owns 97,841 shares of the company’s stock valued at $7,242,000 after purchasing an additional 1,411 shares during the period. Avior Wealth Management LLC boosted its position in shares of Grayscale Bitcoin Trust by 225.5% during the 4th quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock valued at $120,000 after purchasing an additional 1,123 shares in the last quarter. Mutual Advisors LLC grew its stake in Grayscale Bitcoin Trust by 2.0% during the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after purchasing an additional 146 shares during the period. Finally, Kelleher Financial Advisors increased its holdings in Grayscale Bitcoin Trust by 37.6% in the fourth quarter. Kelleher Financial Advisors now owns 7,861 shares of the company’s stock worth $582,000 after purchasing an additional 2,150 shares in the last quarter.
Grayscale Bitcoin Trust Stock Performance
Grayscale Bitcoin Trust stock opened at $80.25 on Tuesday. The stock’s 50 day moving average price is $77.79 and its two-hundred day moving average price is $61.23. The stock has a market capitalization of $40.98 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52-week low of $37.31 and a 52-week high of $86.11.
Grayscale Bitcoin Trust Company 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.
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