EagleClaw Capital Managment LLC decreased its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 13.0% during the 3rd quarter, Holdings Channel reports. The firm owned 404,550 shares of the company’s stock after selling 60,620 shares during the quarter. Grayscale Bitcoin Trust comprises 3.4% of EagleClaw Capital Managment LLC’s holdings, making the stock its 5th largest position. EagleClaw Capital Managment LLC’s holdings in Grayscale Bitcoin Trust were worth $20,430,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. DHJJ Financial Advisors Ltd. acquired a new position in shares of Grayscale Bitcoin Trust during the second quarter valued at about $26,000. Global Wealth Strategies & Associates bought a new stake in Grayscale Bitcoin Trust in the 2nd quarter valued at about $27,000. ZRC Wealth Management LLC acquired a new position in Grayscale Bitcoin Trust during the 2nd quarter worth approximately $29,000. West Oak Capital LLC boosted its holdings in Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after acquiring an additional 320 shares in the last quarter. Finally, Avondale Wealth Management acquired a new stake in Grayscale Bitcoin Trust in the second quarter valued at approximately $33,000.
Grayscale Bitcoin Trust Stock Up 2.0 %
GBTC stock traded up $1.44 during midday trading on Wednesday, reaching $75.02. 459,504 shares of the company’s stock traded hands, compared to its average volume of 8,935,253. The company has a market cap of $38.31 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The firm’s fifty day moving average price is $54.76 and its 200-day moving average price is $54.34. Grayscale Bitcoin Trust has a 52 week low of $29.09 and a 52 week high of $75.46.
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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