Catalina Capital Group LLC lessened its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 26.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,525 shares of the company’s stock after selling 3,070 shares during the quarter. Catalina Capital Group LLC’s holdings in Grayscale Bitcoin Trust were worth $631,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of GBTC. Armstrong Advisory Group Inc. increased its stake in Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. West Oak Capital LLC increased its position 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 purchasing an additional 320 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in Grayscale Bitcoin Trust during the third quarter valued at $46,000. Future Financial Wealth Managment LLC bought a new position in Grayscale Bitcoin Trust during the third quarter valued at $50,000. Finally, Icon Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust in the 3rd quarter worth $53,000.
Grayscale Bitcoin Trust Stock Down 3.3 %
Grayscale Bitcoin Trust stock opened at $80.41 on Monday. Grayscale Bitcoin Trust has a twelve month low of $37.73 and a twelve month high of $86.11. The company’s 50-day moving average price is $78.35 and its 200-day moving average price is $62.13. The company has a market cap of $41.07 billion, a PE 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.
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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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