Golden State Equity Partners Sells 351 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Golden State Equity Partners reduced its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,067 shares of the company’s stock after selling 351 shares during the quarter. Golden State Equity Partners’ holdings in Grayscale Bitcoin Trust were worth $407,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. BOKF NA purchased a new position in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $57,000. SeaCrest Wealth Management LLC purchased a new position in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $370,000. Moloney Securities Asset Management LLC purchased a new position in shares of Grayscale Bitcoin Trust during the first quarter worth approximately $364,000. Embree Financial Group purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $790,000. Finally, Choreo LLC purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $1,267,000.

Grayscale Bitcoin Trust Stock Down 1.0 %

Shares of NYSEARCA GBTC opened at $57.08 on Thursday. The company has a market cap of $29.15 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The firm’s fifty day moving average is $49.87 and its 200 day moving average is $53.50. Grayscale Bitcoin Trust has a 52 week low of $26.13 and a 52 week high of $65.61.

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.