Beaumont Financial Advisors LLC trimmed its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 0.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 362,172 shares of the company’s stock after selling 1,364 shares during the quarter. Grayscale Bitcoin Trust accounts for 1.4% of Beaumont Financial Advisors LLC’s portfolio, making the stock its 25th largest position. Beaumont Financial Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $18,290,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Able Wealth Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth $194,000. Garde Capital Inc. bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at approximately $602,000. Enterprise Bank & Trust Co acquired a new position in Grayscale Bitcoin Trust in the first quarter worth approximately $243,000. BCS Wealth Management bought a new position in Grayscale Bitcoin Trust during the first quarter valued at approximately $581,000. Finally, Park Avenue Securities LLC acquired a new stake in Grayscale Bitcoin Trust in the first quarter valued at approximately $463,000.
Grayscale Bitcoin Trust Stock Down 2.2 %
GBTC stock opened at $47.47 on Friday. The firm has a 50 day moving average of $47.89 and a two-hundred day moving average of $54.30. Grayscale Bitcoin Trust has a 12 month low of $19.82 and a 12 month high of $65.61. The company has a market capitalization of $24.24 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.
Grayscale Bitcoin Trust 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.
Featured Stories
- Five stocks we like better than Grayscale Bitcoin Trust
- 3 Fintech Stocks With Good 2021 Prospects
- 2 Top Stocks Seeing Major Institutional Buying Right Now
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- S&P 500 Hits Record Highs: 3 Stocks With Huge Growth Potential
- What is Put Option Volume?
- AbbVie Stock Eyes New Highs: Analysts See Strong Growth Potential
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).
Receive News & Ratings for Grayscale Bitcoin Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grayscale Bitcoin Trust and related companies with MarketBeat.com's FREE daily email newsletter.
