Capital Investment Advisory Services LLC Sells 970 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Capital Investment Advisory Services LLC lowered its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 21.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,586 shares of the company’s stock after selling 970 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Grayscale Bitcoin Trust were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. 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 stake 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 last quarter. ORG Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust during the 3rd quarter worth approximately $46,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the third quarter worth approximately $50,000. Finally, Icon Wealth Advisors LLC bought a new position in shares of Grayscale Bitcoin Trust in the third quarter valued at approximately $53,000.

Grayscale Bitcoin Trust Trading Down 3.3 %

Shares of Grayscale Bitcoin Trust stock opened at $80.41 on Friday. The company has a market capitalization of $41.07 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock has a fifty day simple moving average of $78.32 and a 200 day simple moving average of $61.94. Grayscale Bitcoin Trust has a 12-month low of $37.73 and a 12-month 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.