LPL Financial LLC Trims Holdings in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

LPL Financial LLC reduced its stake in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 81.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 192,291 shares of the company’s stock after selling 843,819 shares during the period. LPL Financial LLC owned 0.59% of Grayscale Bitcoin Mini Trust worth $8,051,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management purchased a new stake in shares of Grayscale Bitcoin Mini Trust during the 4th quarter valued at approximately $927,000. Golden State Wealth Management LLC acquired a new stake in Grayscale Bitcoin Mini Trust during the fourth quarter worth $27,000. Strategic Financial Concepts LLC purchased a new stake in Grayscale Bitcoin Mini Trust in the fourth quarter valued at $1,044,000. Caprock Group LLC acquired a new position in shares of Grayscale Bitcoin Mini Trust in the 4th quarter valued at $251,000. Finally, Quent Capital LLC purchased a new position in shares of Grayscale Bitcoin Mini Trust during the 4th quarter worth $53,000.

Grayscale Bitcoin Mini Trust Price Performance

Shares of NYSEARCA:BTC opened at $37.21 on Friday. The business has a 50-day moving average price of $40.10 and a 200 day moving average price of $38.42. Grayscale Bitcoin Mini Trust has a 12-month low of $22.00 and a 12-month high of $48.07.

Grayscale Bitcoin Mini Trust Company Profile

The Grayscale Bitcoin Mini Trust ETF (BTC) is an exchange-traded fund that is based on the CoinDesk Bitcoin Cash Price index. The fund is passively managed, offering exposure to the daily USD spot price of Bitcoin, less expenses and liabilities. An investment in the fund is not a direct investment in Bitcoin.