Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 174,879 shares of the company’s stock after selling 202 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Grayscale Bitcoin Trust were worth $12,945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Advance Capital Management Inc. acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $227,000. Fortem Financial Group LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 2.0% in the 4th quarter. Fortem Financial Group LLC now owns 25,250 shares of the company’s stock worth $1,869,000 after acquiring an additional 500 shares during the last quarter. Modus Advisors LLC acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $255,000. Synovus Financial Corp lifted its holdings in shares of Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after acquiring an additional 169 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Grayscale Bitcoin Trust by 233.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 22,630 shares of the company’s stock worth $1,143,000 after acquiring an additional 15,850 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC stock opened at $75.08 on Monday. The firm’s 50 day moving average price is $74.55 and its 200-day moving average price is $59.27. Grayscale Bitcoin Trust has a one year low of $34.31 and a one year high of $86.11. The firm has a market cap of $38.34 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.