Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Mather Group LLC.

Mather Group LLC. cut its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 17.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,000 shares of the company’s stock after selling 411 shares during the period. Mather Group LLC.’s holdings in Grayscale Bitcoin Trust were worth $148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in GBTC. Mutual Advisors LLC raised its stake in Grayscale Bitcoin Trust by 2.0% during the 4th quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after acquiring an additional 146 shares during the last quarter. Synovus Financial Corp raised its stake in shares of Grayscale Bitcoin Trust by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock worth $1,058,000 after buying an additional 169 shares in the last quarter. Flagstar Advisors Inc. raised its stake in shares of Grayscale Bitcoin Trust by 2.7% during the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after buying an additional 196 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 5.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,324 shares of the company’s stock worth $320,000 after buying an additional 224 shares in the last quarter. Finally, Atticus Wealth Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 18.7% during the 4th quarter. Atticus Wealth Management LLC now owns 1,723 shares of the company’s stock worth $128,000 after buying an additional 271 shares in the last quarter.

Grayscale Bitcoin Trust Trading Down 1.2 %

Shares of GBTC stock opened at $75.85 on Friday. The company has a market cap of $38.74 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The stock has a 50 day simple moving average of $78.57 and a 200-day simple moving average of $62.66. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11.

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.