Ascension Capital Advisors Inc. lowered its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 0.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 74,210 shares of the company’s stock after selling 312 shares during the period. Grayscale Bitcoin Trust comprises approximately 1.7% of Ascension Capital Advisors Inc.’s portfolio, making the stock its 15th biggest holding. Ascension Capital Advisors Inc.’s holdings in Grayscale Bitcoin Trust were worth $3,748,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBTC. Private Advisor Group LLC bought a new position in Grayscale Bitcoin Trust in the 1st quarter worth approximately $1,393,000. Janney Montgomery Scott LLC purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $363,000. Quent Capital LLC purchased a new position in shares of Grayscale Bitcoin Trust in the first quarter worth $460,000. Whittier Trust Co. bought a new position in shares of Grayscale Bitcoin Trust during the first quarter worth $145,000. Finally, Chevy Chase Trust Holdings LLC purchased a new position in Grayscale Bitcoin Trust during the first quarter valued at $643,000.
Grayscale Bitcoin Trust Stock Performance
Shares of NYSEARCA GBTC opened at $60.65 on Thursday. The company has a market cap of $30.97 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52-week low of $26.58 and a 52-week high of $65.61. The firm’s fifty day moving average is $50.55 and its two-hundred day moving average is $53.50.
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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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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