White Knight Strategic Wealth Advisors LLC Sells 430 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

White Knight Strategic Wealth Advisors LLC reduced its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,740 shares of the company’s stock after selling 430 shares during the period. Grayscale Bitcoin Trust accounts for about 1.1% of White Knight Strategic Wealth Advisors LLC’s holdings, making the stock its 23rd largest position. White Knight Strategic Wealth Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $1,199,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. DHJJ Financial Advisors Ltd. bought a new position in shares of Grayscale Bitcoin Trust during the 2nd quarter valued at approximately $26,000. Global Wealth Strategies & Associates purchased a new position in Grayscale Bitcoin Trust during the second quarter worth $27,000. ZRC Wealth Management LLC bought a new position in Grayscale Bitcoin Trust during the second quarter valued at $29,000. West Oak Capital LLC raised its stake in shares of Grayscale Bitcoin Trust by 100.0% in the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares during the period. Finally, Avondale Wealth Management bought a new stake in shares of Grayscale Bitcoin Trust in the 2nd quarter worth about $33,000.

Grayscale Bitcoin Trust Trading Up 0.4 %

GBTC stock opened at $77.09 on Friday. The stock has a market cap of $39.37 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $30.01 and a 12 month high of $79.34. The company has a 50-day moving average price of $59.31 and a 200 day moving average price of $55.51.

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.