Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.1% in the fourth quarter, Holdings Channel reports. The firm owned 248,820 shares of the company’s stock after selling 10,621 shares during the period. Commonwealth Equity Services LLC’s holdings in Grayscale Bitcoin Trust were worth $18,418,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of GBTC. Armstrong Advisory Group Inc. grew 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 buying an additional 310 shares during the period. Activest Wealth Management raised its stake in shares of Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares during the period. Synergy Investment Management LLC acquired a new position in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $30,000. Cullen Frost Bankers Inc. purchased a new stake in Grayscale Bitcoin Trust during the 4th quarter worth $36,000. Finally, Bear Mountain Capital Inc. increased its holdings in Grayscale Bitcoin Trust by 162.5% in the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after purchasing an additional 325 shares in the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC opened at $66.81 on Tuesday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The stock’s 50-day moving average is $74.94 and its two-hundred day moving average is $66.80. The stock has a market cap of $16.53 billion, a PE ratio of 2.23 and a beta of 2.59.

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.