Retirement Planning Co of New England Inc. Sells 3,402 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Retirement Planning Co of New England Inc. lowered its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 38.4% 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 5,455 shares of the company’s stock after selling 3,402 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Grayscale Bitcoin Trust were worth $379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its stake in shares of Grayscale Bitcoin Trust by 4,462.7% in the fourth quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after purchasing an additional 2,057,850 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $19,360,000. SLT Holdings LLC purchased a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $10,203,000. Citrine Capital LLC purchased a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $7,721,000. Finally, Variant Private Wealth LLC purchased a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $7,113,000.

Grayscale Bitcoin Trust Trading Down 0.2 %

Shares of GBTC stock opened at $66.81 on Tuesday. The stock has a 50 day moving average of $74.94 and a 200 day moving average of $66.80. The stock has a market cap of $16.53 billion, a P/E ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a twelve month low of $39.56 and a twelve month high of $86.11.

About Grayscale Bitcoin Trust

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.