Csenge Advisory Group Sells 405 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Csenge Advisory Group cut its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,868 shares of the company’s stock after selling 405 shares during the quarter. Csenge Advisory Group’s holdings in Grayscale Bitcoin Trust were worth $434,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management raised its stake in shares of Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after purchasing an additional 140 shares during the last quarter. Mutual Advisors LLC increased its holdings in Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock worth $583,000 after buying an additional 146 shares in the last quarter. Synovus Financial Corp raised its position in Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after buying an additional 169 shares during the last quarter. Flagstar Advisors Inc. raised its position in Grayscale Bitcoin Trust by 2.7% in the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after buying an additional 196 shares during the last quarter. Finally, Choreo LLC lifted its stake in Grayscale Bitcoin Trust by 0.8% during the 4th quarter. Choreo LLC now owns 27,301 shares of the company’s stock valued at $2,026,000 after acquiring an additional 212 shares during the period.

Grayscale Bitcoin Trust Stock Down 3.3 %

Shares of NYSEARCA GBTC opened at $74.48 on Wednesday. The firm’s 50-day moving average price is $78.41 and its 200-day moving average price is $63.73. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The company has a market cap of $18.83 billion, a PE ratio of 2.23 and a beta of 2.51.

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.