Empower Advisory Group LLC reduced its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,572 shares of the company’s stock after selling 471 shares during the quarter. Empower Advisory Group LLC’s holdings in Grayscale Bitcoin Trust were worth $887,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. DHJJ Financial Advisors Ltd. bought a new position in Grayscale Bitcoin Trust during the 2nd quarter worth $26,000. Global Wealth Strategies & Associates acquired a new position in shares of Grayscale Bitcoin Trust in the second quarter worth approximately $27,000. ZRC Wealth Management LLC bought a new stake in Grayscale Bitcoin Trust in the second quarter valued at approximately $29,000. West Oak Capital LLC increased its position in Grayscale Bitcoin Trust by 100.0% during 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 during the period. Finally, Avondale Wealth Management acquired a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter worth approximately $33,000.
Grayscale Bitcoin Trust Stock Performance
NYSEARCA:GBTC opened at $69.50 on Friday. Grayscale Bitcoin Trust has a 52 week low of $28.00 and a 52 week high of $74.36. The firm’s fifty day moving average is $52.56 and its 200-day moving average is $53.81. The firm has a market cap of $35.49 billion, a P/E ratio of 2.29 and a beta of 1.25.
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.
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