Pekin Hardy Strauss Inc. cut its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 5.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 68,282 shares of the company’s stock after selling 3,575 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Grayscale Bitcoin Trust were worth $3,448,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Grayscale Bitcoin Trust in the second quarter worth approximately $26,000. Global Wealth Strategies & Associates purchased a new stake in shares of Grayscale Bitcoin Trust during the 2nd quarter valued at $27,000. ZRC Wealth Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 2nd quarter worth $29,000. Avondale Wealth Management purchased a new position in shares of Grayscale Bitcoin Trust in the 2nd quarter worth $33,000. Finally, West Oak Capital LLC boosted its holdings in Grayscale Bitcoin Trust by 100.0% in the third 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 last quarter.
Grayscale Bitcoin Trust Price Performance
Shares of NYSEARCA:GBTC opened at $78.87 on Friday. The business has a 50-day moving average of $56.59 and a two-hundred day moving average of $54.79. The firm has a market capitalization of $40.28 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 12 month low of $29.88 and a 12 month high of $79.34.
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.
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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report).
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