Moors & Cabot Inc. Has $26.84 Million Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Moors & Cabot Inc. decreased its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 362,665 shares of the company’s stock after selling 6,310 shares during the period. Grayscale Bitcoin Trust comprises about 1.3% of Moors & Cabot Inc.’s holdings, making the stock its 9th largest holding. Moors & Cabot Inc. owned about 0.07% of Grayscale Bitcoin Trust worth $26,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Synergy Investment Management LLC bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at $30,000. Activest Wealth Management raised its stake in shares of Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after acquiring an additional 140 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake 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 valued at $30,000 after acquiring an additional 310 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at $36,000. Finally, Bear Mountain Capital Inc. raised its stake in shares of Grayscale Bitcoin Trust by 162.5% during the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after acquiring an additional 325 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

GBTC stock opened at $65.70 on Wednesday. The company has a fifty day moving average price of $75.89 and a 200-day moving average price of $66.31. The company has a market capitalization of $16.26 billion, a P/E ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week 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.