Corient Private Wealth LLC Sells 3,714 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Corient Private Wealth LLC trimmed its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,916 shares of the company’s stock after selling 3,714 shares during the period. Corient Private Wealth LLC’s holdings in Grayscale Bitcoin Trust were worth $3,843,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of GBTC. Prospera Financial Services Inc grew its holdings in Grayscale Bitcoin Trust by 26.7% during the third quarter. Prospera Financial Services Inc now owns 7,835 shares of the company’s stock valued at $396,000 after purchasing an additional 1,650 shares during the period. Icon Wealth Advisors LLC bought a new position in Grayscale Bitcoin Trust during the third quarter valued at $53,000. Meridian Wealth Management LLC bought a new position in Grayscale Bitcoin Trust during the third quarter valued at $1,177,000. Nwam LLC bought a new position in Grayscale Bitcoin Trust during the third quarter valued at $1,186,000. Finally, Flagstar Advisors Inc. grew its holdings in Grayscale Bitcoin Trust by 2.7% during the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after purchasing an additional 196 shares during the period.

Grayscale Bitcoin Trust Trading Down 0.3 %

Shares of NYSEARCA GBTC opened at $66.32 on Friday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The stock has a fifty day simple moving average of $74.24 and a two-hundred day simple moving average of $67.21. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59.

Grayscale Bitcoin Trust Company 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.