Johnson Investment Counsel Inc. Reduces Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Johnson Investment Counsel Inc. lowered its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,151 shares of the company’s stock after selling 154 shares during the period. Johnson Investment Counsel Inc.’s holdings in Grayscale Bitcoin Trust were worth $1,492,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GBTC. Armstrong Advisory Group Inc. raised its stake in shares of Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after purchasing an additional 310 shares during the period. Activest Wealth Management raised its stake in shares of Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after purchasing an additional 140 shares during the period. Synergy Investment Management LLC purchased a new stake in shares of Grayscale Bitcoin Trust during the fourth quarter valued at approximately $30,000. Cullen Frost Bankers Inc. bought a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter worth $36,000. Finally, Bear Mountain Capital Inc. increased its stake in shares of Grayscale Bitcoin Trust by 162.5% in the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after buying an additional 325 shares during the last quarter.

Grayscale Bitcoin Trust Trading Up 5.2 %

Shares of NYSEARCA:GBTC opened at $65.70 on Wednesday. The company has a fifty day simple moving average of $75.89 and a 200 day simple moving average of $66.31. The firm has a market cap of $16.26 billion, a PE ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11.

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.