Priebe Wealth Holdings LLC cut its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,580 shares of the company’s stock after selling 650 shares during the quarter. Priebe Wealth Holdings LLC’s holdings in Grayscale Bitcoin Trust were worth $413,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in GBTC. Zhang Financial LLC acquired a new position in Grayscale Bitcoin Trust during the 4th quarter valued at approximately $283,000. UMB Bank n.a. lifted its stake in Grayscale Bitcoin Trust by 104.3% in the fourth quarter. UMB Bank n.a. now owns 4,777 shares of the company’s stock valued at $354,000 after buying an additional 2,439 shares during the last quarter. Thrive Wealth Management LLC acquired a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at $244,000. IAM Advisory LLC bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter worth about $282,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth about $245,000.
Grayscale Bitcoin Trust Stock Up 4.4 %
Grayscale Bitcoin Trust stock opened at $83.05 on Tuesday. Grayscale Bitcoin Trust has a 52-week low of $34.31 and a 52-week high of $86.11. The firm has a market capitalization of $42.41 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The firm has a 50-day moving average price of $76.85 and a two-hundred day moving average price of $60.32.
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.
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