Blue Square Asset Management LLC Sells 9,389 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Blue Square Asset Management LLC trimmed its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,934 shares of the company’s stock after selling 9,389 shares during the quarter. Grayscale Bitcoin Trust accounts for 3.6% of Blue Square Asset Management LLC’s holdings, making the stock its 6th biggest position. Blue Square Asset Management LLC’s holdings in Grayscale Bitcoin Trust were worth $7,249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of GBTC. Armstrong Advisory Group Inc. increased its position in shares of 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 boosted its position in shares of 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 buying an additional 320 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Grayscale Bitcoin Trust during the third quarter worth about $46,000. Future Financial Wealth Managment LLC acquired a new position in Grayscale Bitcoin Trust during the 3rd quarter worth approximately $50,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter worth approximately $53,000.

Grayscale Bitcoin Trust Stock Up 1.6 %

NYSEARCA GBTC opened at $83.17 on Friday. Grayscale Bitcoin Trust has a 12-month low of $35.24 and a 12-month high of $86.11. The firm’s 50 day moving average is $77.79 and its 200-day moving average is $61.16. The company has a market capitalization of $42.48 billion, a PE 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.