Insigneo Advisory Services LLC Has $339,000 Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Insigneo Advisory Services LLC lessened its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,711 shares of the company’s stock after selling 561 shares during the period. Insigneo Advisory Services LLC’s holdings in Grayscale Bitcoin Trust were worth $339,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Greenwich Wealth Management LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 99.9% during the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after acquiring an additional 538,256 shares during the period. Magnolia Capital Advisors LLC bought a new position in Grayscale Bitcoin Trust during the second quarter worth about $14,810,000. International Assets Investment Management LLC boosted its holdings in Grayscale Bitcoin Trust by 4,950.0% during the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock valued at $97,670,000 after purchasing an additional 189,585 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Grayscale Bitcoin Trust by 4,689.6% in the 2nd quarter. Strategic Financial Concepts LLC now owns 184,686 shares of the company’s stock valued at $98,000 after purchasing an additional 180,830 shares during the period. Finally, Atlas Wealth Partners LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 3rd quarter worth approximately $7,774,000.

Grayscale Bitcoin Trust Price Performance

Shares of GBTC stock opened at $80.70 on Monday. The stock’s fifty day simple moving average is $62.00 and its 200 day simple moving average is $56.09. Grayscale Bitcoin Trust has a one year low of $31.93 and a one year high of $82.44. The firm has a market cap of $41.21 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.