Private Advisor Group LLC Sells 328 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Private Advisor Group LLC lessened its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,967 shares of the company’s stock after selling 328 shares during the quarter. Private Advisor Group LLC’s holdings in Grayscale Bitcoin Trust were worth $1,614,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Cornerstone Wealth Management LLC boosted its stake in shares of Grayscale Bitcoin Trust by 6.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock worth $207,000 after acquiring an additional 257 shares in the last quarter. Sound Income Strategies LLC boosted its stake 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 acquiring an additional 276 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Grayscale Bitcoin Trust by 1.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 27,453 shares of the company’s stock worth $1,462,000 after purchasing an additional 300 shares during the last quarter. West Oak Capital LLC lifted its position in shares of Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after purchasing an additional 320 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its position in shares of 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 worth $346,000 after purchasing an additional 340 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA GBTC opened at $57.08 on Thursday. Grayscale Bitcoin Trust has a twelve month low of $26.13 and a twelve month high of $65.61. The stock has a market capitalization of $29.15 billion, a PE ratio of 2.29 and a beta of 1.25. The stock has a 50-day simple moving average of $49.87 and a 200 day simple moving average of $53.50.

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.