Prime Capital Investment Advisors LLC Has $555,000 Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Prime Capital Investment Advisors LLC cut its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.9% during the third quarter, HoldingsChannel.com reports. The firm owned 10,999 shares of the company’s stock after selling 334 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of GBTC. Janney Montgomery Scott LLC bought a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at $363,000. Quent Capital LLC acquired a new position in Grayscale Bitcoin Trust in the first quarter worth about $460,000. US Bancorp DE bought a new position in Grayscale Bitcoin Trust during the first quarter worth about $2,907,000. Avantax Advisory Services Inc. acquired a new stake in Grayscale Bitcoin Trust during the first quarter valued at approximately $1,200,000. Finally, Kingsview Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 1st quarter valued at approximately $317,000.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $72.78 on Friday. The business has a 50 day simple moving average of $53.06 and a 200 day simple moving average of $53.92. Grayscale Bitcoin Trust has a one year low of $28.33 and a one year high of $74.36. The company has a market capitalization of $37.17 billion, a PE ratio of 2.29 and a beta of 1.25.

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.