Smart Money Group LLC Sells 143 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Smart Money Group LLC decreased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,749 shares of the company’s stock after selling 143 shares during the quarter. Smart Money Group LLC’s holdings in Grayscale Bitcoin Trust were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of GBTC. Armstrong Advisory Group Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. West Oak Capital LLC raised its position in Grayscale Bitcoin Trust by 100.0% in 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 period. ORG Wealth Partners LLC bought a new stake in Grayscale Bitcoin Trust in the third quarter worth $46,000. Future Financial Wealth Managment LLC bought a new stake in Grayscale Bitcoin Trust in the third quarter worth $50,000. Finally, Icon Wealth Advisors LLC purchased a new stake in Grayscale Bitcoin Trust during the third quarter valued at about $53,000.

Grayscale Bitcoin Trust Trading Up 4.4 %

GBTC opened at $83.05 on Monday. Grayscale Bitcoin Trust has a 12 month low of $34.31 and a 12 month high of $86.11. The business’s 50-day moving average price is $76.57 and its 200-day moving average price is $60.11. The company has a market cap of $42.41 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.