Kathleen S. Wright Associates Inc. Sells 1,982 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Kathleen S. Wright Associates Inc. lessened its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 47.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,227 shares of the company’s stock after selling 1,982 shares during the quarter. Kathleen S. Wright Associates Inc.’s holdings in Grayscale Bitcoin Trust were worth $163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in GBTC. Bank of Montreal Can lifted its holdings in Grayscale Bitcoin Trust by 80.5% during the second quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock valued at $1,057,000 after purchasing an additional 8,533 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the 2nd quarter valued at approximately $1,876,000. Dynamic Advisor Solutions LLC boosted its holdings in Grayscale Bitcoin Trust by 14.0% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 6,844 shares of the company’s stock worth $346,000 after buying an additional 840 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Grayscale Bitcoin Trust in the 3rd quarter valued at approximately $50,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in Grayscale Bitcoin Trust by 5.2% during the 3rd 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 acquiring an additional 340 shares during the period.

Grayscale Bitcoin Trust Price Performance

Grayscale Bitcoin Trust stock opened at $80.17 on Tuesday. The firm has a market capitalization of $40.94 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a one year low of $37.73 and a one year high of $86.11. The business has a fifty day moving average price of $78.35 and a 200-day moving average price of $62.17.

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.