Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Investment Research & Advisory Group Inc.

Investment Research & Advisory Group Inc. cut its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 80.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 368 shares of the company’s stock after selling 1,480 shares during the period. Investment Research & Advisory Group Inc.’s holdings in Grayscale Bitcoin Trust were worth $27,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. increased its position in Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares in the last quarter. West Oak Capital LLC increased its holdings in Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Grayscale Bitcoin Trust in the third quarter valued at about $46,000. Future Financial Wealth Managment LLC acquired a new position in shares of Grayscale Bitcoin Trust during the third quarter worth about $50,000. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the third quarter valued at about $53,000.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA:GBTC opened at $83.17 on Friday. The company has a market cap of $42.48 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a one year low of $35.24 and a one year high of $86.11. The business’s 50-day simple moving average is $77.79 and its 200 day simple moving average is $61.16.

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.