Sanctuary Advisors LLC Sells 2,256 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Sanctuary Advisors LLC trimmed its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 5.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 36,332 shares of the company’s stock after selling 2,256 shares during the quarter. Sanctuary Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $2,689,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Activest Wealth Management increased its holdings in Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after buying an additional 140 shares in the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of Grayscale Bitcoin Trust by 310.0% during the 4th 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. Financial Life Planners bought a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at about $61,000. West Oak Capital LLC grew its stake in shares of Grayscale Bitcoin Trust by 53.1% during the 4th quarter. West Oak Capital LLC now owns 980 shares of the company’s stock valued at $73,000 after purchasing an additional 340 shares during the period. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter valued at about $53,000.

Grayscale Bitcoin Trust Stock Down 3.8 %

Grayscale Bitcoin Trust stock opened at $75.06 on Friday. The business has a 50-day simple moving average of $78.14 and a two-hundred day simple moving average of $64.31. The company has a market cap of $18.97 billion, a P/E ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week 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.