Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,820 shares of the company’s stock after selling 10,621 shares during the period. Commonwealth Equity Services LLC’s holdings in Grayscale Bitcoin Trust were worth $18,418,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Armstrong Advisory Group Inc. lifted its position in 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 buying an additional 310 shares during the period. Activest Wealth Management increased its stake in shares of Grayscale Bitcoin Trust by 53.0% during the 4th 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. Synergy Investment Management LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $30,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter worth approximately $36,000. Finally, Bear Mountain Capital Inc. grew its holdings in Grayscale Bitcoin Trust by 162.5% in the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after purchasing an additional 325 shares during the period.

Grayscale Bitcoin Trust Stock Down 0.2 %

NYSEARCA:GBTC opened at $66.81 on Tuesday. The company has a market cap of $16.53 billion, a P/E ratio of 2.23 and a beta of 2.59. The firm’s 50 day moving average is $74.94 and its two-hundred day moving average is $66.80. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11.

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.