Leo Wealth LLC Sells 668 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Leo Wealth LLC reduced its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 6.4% during the fourth quarter, HoldingsChannel reports. The firm owned 9,820 shares of the company’s stock after selling 668 shares during the period. Leo Wealth LLC’s holdings in Grayscale Bitcoin Trust were worth $727,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GBTC. Mutual Advisors LLC boosted its holdings in shares of Grayscale Bitcoin Trust by 2.0% during 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 boosted its stake in Grayscale Bitcoin Trust by 0.8% during the third quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after acquiring an additional 169 shares in the last quarter. Flagstar Advisors Inc. grew its holdings in Grayscale Bitcoin Trust by 2.7% in the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after purchasing an additional 196 shares during the period. Choreo LLC increased its stake in Grayscale Bitcoin Trust by 0.8% in the fourth quarter. Choreo LLC now owns 27,301 shares of the company’s stock valued at $2,026,000 after purchasing an additional 212 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in shares of Grayscale Bitcoin Trust by 5.5% during the fourth quarter. Cornerstone Wealth Management LLC now owns 4,324 shares of the company’s stock valued at $320,000 after purchasing an additional 224 shares during the period.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC opened at $75.85 on Friday. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The company has a market cap of $38.74 billion, a PE ratio of 2.29 and a beta of 1.25. The stock has a 50-day moving average of $78.57 and a 200-day moving average of $62.66.

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.