Axxcess Wealth Management LLC decreased its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 39.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,245 shares of the company’s stock after selling 5,367 shares during the period. Axxcess Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Tradition Wealth Management LLC bought a new position in Grayscale Bitcoin Trust in the 4th quarter worth approximately $597,000. Aristides Capital LLC bought a new position in Grayscale Bitcoin Trust in the fourth quarter valued at about $522,000. Able Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter worth approximately $194,000. Garde Capital Inc. bought a new position in Grayscale Bitcoin Trust in the fourth quarter valued at approximately $602,000. Finally, Enterprise Bank & Trust Co bought a new stake in shares of Grayscale Bitcoin Trust during the 1st quarter valued at $243,000.
Grayscale Bitcoin Trust Stock Performance
Shares of Grayscale Bitcoin Trust stock opened at $50.03 on Friday. The firm has a fifty day moving average of $49.88 and a two-hundred day moving average of $55.32. The stock has a market capitalization of $25.55 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52 week low of $18.04 and a 52 week high of $65.61.
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.
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