Kingswood Wealth Advisors LLC Lowers Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Kingswood Wealth Advisors LLC reduced its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 285,067 shares of the company’s stock after selling 11,695 shares during the period. Grayscale Bitcoin Trust makes up approximately 1.6% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Kingswood Wealth Advisors LLC owned about 0.06% of Grayscale Bitcoin Trust worth $21,101,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Mutual Advisors LLC increased its stake in Grayscale Bitcoin Trust by 2.0% in the fourth quarter. Mutual Advisors LLC now owns 7,326 shares of the company’s stock valued at $583,000 after acquiring an additional 146 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares during the last quarter. Flagstar Advisors Inc. raised its holdings in shares of Grayscale Bitcoin Trust by 2.7% during the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after buying an additional 196 shares in the last quarter. Cornerstone Wealth Management LLC raised its holdings in shares of Grayscale Bitcoin Trust by 5.5% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,324 shares of the company’s stock worth $320,000 after buying an additional 224 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Grayscale Bitcoin Trust by 6.3% during the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock worth $235,000 after buying an additional 276 shares during the last quarter.

Grayscale Bitcoin Trust Stock Up 1.6 %

Grayscale Bitcoin Trust stock opened at $83.17 on Monday. The stock has a market cap of $42.48 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12-month low of $35.24 and a 12-month high of $86.11. The business’s 50-day moving average price is $77.79 and its two-hundred day moving average price is $61.16.

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.