Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Highline Wealth Partners LLC

Highline Wealth Partners LLC decreased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 12.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,540 shares of the company’s stock after selling 374 shares during the quarter. Highline Wealth Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenwich Wealth Management LLC raised its position in shares of Grayscale Bitcoin Trust by 99.9% in the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock valued at $54,379,000 after buying an additional 538,256 shares during the last quarter. LPL Financial LLC raised its holdings in Grayscale Bitcoin Trust by 7.1% in the 2nd quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock valued at $54,887,000 after acquiring an additional 68,698 shares during the last quarter. Mad River Investors raised its holdings in Grayscale Bitcoin Trust by 26.7% in the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after acquiring an additional 82,187 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Grayscale Bitcoin Trust by 0.4% during the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after purchasing an additional 1,305 shares during the period. Finally, Magnolia Capital Advisors LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the second quarter worth $14,810,000.

Grayscale Bitcoin Trust Stock Performance

Grayscale Bitcoin Trust stock traded up $0.84 during trading on Friday, hitting $75.32. The company’s stock had a trading volume of 3,200,380 shares, compared to its average volume of 3,117,802. The stock’s fifty day moving average is $74.15 and its 200 day moving average is $59.05. Grayscale Bitcoin Trust has a 1-year low of $34.31 and a 1-year high of $86.11. The stock has a market capitalization of $38.47 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.