Richard W. Paul & Associates LLC decreased its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 22.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,273 shares of the company’s stock after selling 360 shares during the period. Richard W. Paul & Associates LLC’s holdings in Grayscale Bitcoin Trust were worth $64,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. bought a new stake in shares of Grayscale Bitcoin Trust in the 2nd quarter worth $26,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at about $27,000. Global Wealth Strategies & Associates bought a new position in shares of Grayscale Bitcoin Trust during the 2nd quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new position in shares of Grayscale Bitcoin Trust in the 1st quarter worth approximately $28,000. Finally, Hollencrest Capital Management bought a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter worth approximately $28,000.
Grayscale Bitcoin Trust Price Performance
GBTC stock opened at $54.60 on Friday. The firm has a market cap of $27.88 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $22.01 and a 12 month high of $65.61. The firm has a 50 day simple moving average of $48.70 and a 200 day simple moving average of $53.87.
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.
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