Compass Ion Advisors LLC lowered its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 17.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,810 shares of the company’s stock after selling 8,371 shares during the quarter. Compass Ion Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $1,960,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. BOKF NA acquired a new position in Grayscale Bitcoin Trust in the 1st quarter worth $57,000. SeaCrest Wealth Management LLC acquired a new position in Grayscale Bitcoin Trust in the 1st quarter worth $370,000. Opal Wealth Advisors LLC acquired a new position in Grayscale Bitcoin Trust in the 1st quarter worth $262,000. Level Financial Advisors acquired a new position in Grayscale Bitcoin Trust in the 1st quarter worth $255,000. Finally, Grimes & Company Inc. acquired a new position in Grayscale Bitcoin Trust in the 1st quarter worth $2,004,000.
Grayscale Bitcoin Trust Stock Performance
Shares of Grayscale Bitcoin Trust stock traded up $1.44 during trading on Friday, reaching $54.60. The company had a trading volume of 3,412,880 shares, compared to its average volume of 9,466,627. The company has a market cap of $27.88 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The firm’s fifty day moving average is $48.70 and its 200-day moving average is $53.87. Grayscale Bitcoin Trust has a fifty-two week low of $22.01 and a fifty-two week high of $65.61.
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.
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