Thrivent Financial for Lutherans Sells 3,064 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Thrivent Financial for Lutherans lowered its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 42.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,198 shares of the company’s stock after selling 3,064 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Grayscale Bitcoin Trust were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. SlateStone Wealth LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 34.0% in the 4th quarter. SlateStone Wealth LLC now owns 5,513 shares of the company’s stock worth $408,000 after acquiring an additional 1,400 shares during the last quarter. Patten & Patten Inc. TN purchased a new position in Grayscale Bitcoin Trust in the 4th quarter worth $273,000. Tidemark LLC lifted its stake in Grayscale Bitcoin Trust by 65.5% in the fourth quarter. Tidemark LLC now owns 1,893 shares of the company’s stock worth $140,000 after purchasing an additional 749 shares during the last quarter. Carret Asset Management LLC boosted its position in Grayscale Bitcoin Trust by 3.0% during the fourth quarter. Carret Asset Management LLC now owns 6,634 shares of the company’s stock valued at $491,000 after buying an additional 196 shares during the period. Finally, Madison Wealth Partners Inc bought a new position in shares of Grayscale Bitcoin Trust during the fourth quarter valued at about $251,000.

Grayscale Bitcoin Trust Trading Up 2.4 %

GBTC opened at $66.32 on Friday. Grayscale Bitcoin Trust has a 12 month low of $39.56 and a 12 month high of $86.11. The business’s 50-day moving average price is $71.60 and its 200-day moving average price is $68.57. The company has a market cap of $16.26 billion, a P/E ratio of 2.23 and a beta of 2.59.

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.