TRUE Private Wealth Advisors Sells 1,193 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

TRUE Private Wealth Advisors trimmed its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,859 shares of the company’s stock after selling 1,193 shares during the period. TRUE Private Wealth Advisors’ holdings in Grayscale Bitcoin Trust were worth $1,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Greenwich Wealth Management LLC boosted its stake in Grayscale Bitcoin Trust by 99.9% in the 3rd quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Grayscale Bitcoin Trust by 7.1% during the second quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock worth $54,887,000 after buying an additional 68,698 shares during the period. Mad River Investors grew its holdings in shares of Grayscale Bitcoin Trust by 26.7% during the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after buying an additional 82,187 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock valued at $18,633,000 after acquiring an additional 1,305 shares during the period. Finally, Cetera Investment Advisers purchased a new position in Grayscale Bitcoin Trust in the 1st quarter worth $22,576,000.

Grayscale Bitcoin Trust Stock Performance

Grayscale Bitcoin Trust stock opened at $77.09 on Friday. The business’s 50-day simple moving average is $59.31 and its two-hundred day simple moving average is $55.51. The company has a market cap of $39.37 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $30.01 and a fifty-two week high of $79.34.

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.