Money Concepts Capital Corp reduced its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,735 shares of the company’s stock after selling 250 shares during the quarter. Money Concepts Capital Corp’s holdings in Grayscale Bitcoin Trust were worth $350,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its stake in Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares in the last quarter. West Oak Capital LLC raised its stake in Grayscale Bitcoin Trust by 100.0% during the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after acquiring an additional 320 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in Grayscale Bitcoin Trust during the third quarter worth $46,000. Future Financial Wealth Managment LLC acquired a new position in Grayscale Bitcoin Trust during the third quarter worth $50,000. Finally, Icon Wealth Advisors LLC acquired a new position in Grayscale Bitcoin Trust during the third quarter worth $53,000.
Grayscale Bitcoin Trust Stock Performance
Shares of GBTC stock opened at $76.78 on Friday. The stock’s fifty day moving average is $78.58 and its 200-day moving average is $62.57. The stock has a market capitalization of $39.21 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52 week low of $38.29 and a 52 week high of $86.11.
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.
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