Allworth Financial LP Sells 12,614 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Allworth Financial LP reduced its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 72.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,907 shares of the company’s stock after selling 12,614 shares during the period. Allworth Financial LP’s holdings in Grayscale Bitcoin Trust were worth $363,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in GBTC. CWM LLC boosted its position in Grayscale Bitcoin Trust by 255.3% in the third quarter. CWM LLC now owns 2,782 shares of the company’s stock valued at $140,000 after buying an additional 1,999 shares during the last quarter. Creative Planning raised its stake in shares of Grayscale Bitcoin Trust by 0.6% during the 3rd quarter. Creative Planning now owns 83,315 shares of the company’s stock worth $4,207,000 after buying an additional 458 shares during the period. International Assets Investment Management LLC raised its stake in shares of Grayscale Bitcoin Trust by 4,950.0% during the 3rd quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after buying an additional 189,585 shares during the period. Bogart Wealth LLC raised its stake in shares of Grayscale Bitcoin Trust by 20.8% during the 3rd quarter. Bogart Wealth LLC now owns 2,195 shares of the company’s stock worth $111,000 after buying an additional 378 shares during the period. Finally, Investment Research & Advisory Group Inc. acquired a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter worth approximately $93,000.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA GBTC opened at $75.06 on Friday. The business has a fifty day moving average price of $78.25 and a 200 day moving average price of $64.09. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11. The company has a market cap of $18.97 billion, a P/E 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.