Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC lessened its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,970 shares of the company’s stock after selling 26,541 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $8,214,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. increased its position in shares of Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares during the last quarter. West Oak Capital LLC raised its stake in shares of Grayscale Bitcoin Trust by 100.0% in the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after acquiring an additional 320 shares during the period. Financial Life Planners acquired a new position in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $61,000. ORG Wealth Partners LLC purchased a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter worth approximately $46,000. Finally, Icon Wealth Advisors LLC purchased a new stake in Grayscale Bitcoin Trust in the third quarter valued at approximately $53,000.

Grayscale Bitcoin Trust Stock Down 1.2 %

NYSEARCA:GBTC opened at $75.85 on Friday. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11. The stock’s fifty day moving average is $78.55 and its two-hundred day moving average is $62.77. The stock has a market capitalization of $38.74 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.