Convergence Financial LLC Sells 47,108 Shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Convergence Financial LLC reduced its stake in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 80.5% in the 4th quarter, Holdings Channel reports. The firm owned 11,417 shares of the company’s stock after selling 47,108 shares during the quarter. Convergence Financial LLC’s holdings in Grayscale Bitcoin Mini Trust were worth $478,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sunbelt Securities Inc. bought a new position in shares of Grayscale Bitcoin Mini Trust during the third quarter worth about $25,000. Golden State Wealth Management LLC acquired a new stake in Grayscale Bitcoin Mini Trust during the 4th quarter valued at approximately $27,000. Modus Advisors LLC bought a new position in Grayscale Bitcoin Mini Trust during the 4th quarter worth approximately $29,000. SouthState Corp acquired a new position in shares of Grayscale Bitcoin Mini Trust in the 3rd quarter worth approximately $37,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Grayscale Bitcoin Mini Trust in the 4th quarter valued at $40,000.

Grayscale Bitcoin Mini Trust Trading Down 4.4 %

BTC opened at $37.32 on Thursday. Grayscale Bitcoin Mini Trust has a twelve month low of $22.00 and a twelve month high of $48.07. The company has a fifty day moving average of $43.31 and a 200-day moving average of $36.27.