Fielder Capital Group LLC Sells 2,636 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Fielder Capital Group LLC cut its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 125,728 shares of the company’s stock after selling 2,636 shares during the period. Grayscale Bitcoin Trust makes up about 2.9% of Fielder Capital Group LLC’s portfolio, making the stock its 10th biggest position. Fielder Capital Group LLC’s holdings in Grayscale Bitcoin Trust were worth $9,306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Financial Security Advisor Inc. bought a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth $273,000. Proficio Capital Partners LLC lifted its position in Grayscale Bitcoin Trust by 4,462.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after buying an additional 2,057,850 shares in the last quarter. Schneider Downs Wealth Management Advisors LP grew its holdings in Grayscale Bitcoin Trust by 15.5% during the 4th quarter. Schneider Downs Wealth Management Advisors LP now owns 11,185 shares of the company’s stock worth $828,000 after acquiring an additional 1,500 shares during the last quarter. Nwam LLC increased its position in Grayscale Bitcoin Trust by 1.9% in the 4th quarter. Nwam LLC now owns 23,931 shares of the company’s stock valued at $1,771,000 after acquiring an additional 441 shares in the last quarter. Finally, Advisor OS LLC bought a new position in shares of Grayscale Bitcoin Trust in the fourth quarter worth about $245,000.

Grayscale Bitcoin Trust Trading Down 1.1 %

Shares of GBTC stock opened at $65.95 on Friday. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year high of $86.11. The firm’s 50 day moving average is $77.18 and its 200-day moving average is $64.95. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51.

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.