Dynamic Advisor Solutions LLC Sells 1,048 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Dynamic Advisor Solutions LLC decreased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,796 shares of the company’s stock after selling 1,048 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Grayscale Bitcoin Trust were worth $429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of Montreal Can lifted its position in shares of Grayscale Bitcoin Trust by 80.5% during the 2nd quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock valued at $1,057,000 after buying an additional 8,533 shares during the last quarter. Ascent Group LLC bought a new stake in Grayscale Bitcoin Trust in the 2nd quarter valued at about $215,000. Creative Planning lifted its holdings in Grayscale Bitcoin Trust by 1.3% during the second quarter. Creative Planning now owns 82,857 shares of the company’s stock valued at $4,411,000 after purchasing an additional 1,074 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Grayscale Bitcoin Trust by 8.8% during the second quarter. Sunbelt Securities Inc. now owns 4,322 shares of the company’s stock worth $230,000 after purchasing an additional 350 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Grayscale Bitcoin Trust in the second quarter worth about $2,158,000.

Grayscale Bitcoin Trust Stock Down 3.5 %

NYSEARCA GBTC opened at $80.25 on Tuesday. The firm has a market cap of $40.98 billion, a P/E ratio of 2.29 and a beta of 1.25. The company’s 50 day moving average is $77.79 and its 200-day moving average is $61.23. Grayscale Bitcoin Trust has a 12-month low of $37.31 and a 12-month high of $86.11.

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.