Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC cut its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,356 shares of the company’s stock after selling 652 shares during the period. Flagship Harbor Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $396,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Armstrong Advisory Group Inc. increased its holdings in shares of Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after acquiring an additional 310 shares during the last quarter. West Oak Capital LLC boosted its holdings in Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after purchasing an additional 320 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Grayscale Bitcoin Trust in the third quarter valued at approximately $46,000. Future Financial Wealth Managment LLC acquired a new stake in Grayscale Bitcoin Trust during the third quarter worth approximately $50,000. Finally, Icon Wealth Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter worth approximately $53,000.

Grayscale Bitcoin Trust Price Performance

NYSEARCA GBTC opened at $80.17 on Wednesday. The firm’s fifty day moving average price is $77.94 and its 200 day moving average price is $61.44. Grayscale Bitcoin Trust has a 12 month low of $37.31 and a 12 month high of $86.11. The company has a market capitalization of $40.94 billion, a price-to-earnings 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.