Grayscale Bitcoin Trust (NYSEARCA:GBTC) Stake Reduced by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC trimmed its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 362,172 shares of the company’s stock after selling 1,364 shares during the quarter. Grayscale Bitcoin Trust makes up about 1.4% of Beaumont Financial Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Beaumont Financial Advisors LLC owned about 0.07% of Grayscale Bitcoin Trust worth $18,290,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Watts Gwilliam & Co. LLC acquired a new stake in Grayscale Bitcoin Trust in the 3rd quarter valued at approximately $2,068,000. CWM LLC grew its stake in shares of Grayscale Bitcoin Trust by 255.3% in the third quarter. CWM LLC now owns 2,782 shares of the company’s stock worth $140,000 after purchasing an additional 1,999 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in 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 worth $346,000 after purchasing an additional 340 shares during the period. Future Financial Wealth Managment LLC bought a new position in Grayscale Bitcoin Trust in the 3rd quarter valued at about $50,000. Finally, Dynamic Advisor Solutions LLC increased its stake in Grayscale Bitcoin Trust by 14.0% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 6,844 shares of the company’s stock valued at $346,000 after buying an additional 840 shares during the period.

Grayscale Bitcoin Trust Trading Down 2.2 %

GBTC stock opened at $47.47 on Friday. The firm’s 50-day moving average is $47.89 and its two-hundred day moving average is $54.30. The company has a market capitalization of $24.24 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52 week low of $19.82 and a 52 week 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.