Carnegie Investment Counsel Sells 16,055 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Carnegie Investment Counsel cut its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 32.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,766 shares of the company’s stock after selling 16,055 shares during the quarter. Carnegie Investment Counsel’s holdings in Grayscale Bitcoin Trust were worth $1,705,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. increased its holdings in shares of Grayscale Bitcoin Trust by 1.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 27,453 shares of the company’s stock worth $1,462,000 after acquiring an additional 300 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of Grayscale Bitcoin Trust by 5.2% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,842 shares of the company’s stock valued at $346,000 after purchasing an additional 340 shares during the last quarter. Horizon Wealth Management LLC raised its position in shares of Grayscale Bitcoin Trust by 9.1% in the second quarter. Horizon Wealth Management LLC now owns 4,115 shares of the company’s stock valued at $219,000 after purchasing an additional 343 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Grayscale Bitcoin Trust by 8.8% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,322 shares of the company’s stock worth $230,000 after buying an additional 350 shares during the last quarter. Finally, Hollencrest Capital Management boosted its holdings in shares of Grayscale Bitcoin Trust by 88.9% during the 2nd quarter. Hollencrest Capital Management now owns 850 shares of the company’s stock worth $45,000 after buying an additional 400 shares during the period.

Grayscale Bitcoin Trust Stock Up 4.4 %

Grayscale Bitcoin Trust stock opened at $52.48 on Tuesday. The company’s 50-day moving average price is $48.09 and its two-hundred day moving average price is $54.03. The stock has a market cap of $26.80 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $21.34 and a twelve month high of $65.61.

About Grayscale Bitcoin Trust

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.