DeDora Capital Inc. Has $235,000 Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

DeDora Capital Inc. cut its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 10.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,663 shares of the company’s stock after selling 563 shares during the quarter. DeDora Capital Inc.’s holdings in Grayscale Bitcoin Trust were worth $235,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC boosted its stake in Grayscale Bitcoin Trust by 1.6% in the third quarter. Foundations Investment Advisors LLC now owns 114,446 shares of the company’s stock valued at $5,780,000 after buying an additional 1,815 shares in the last quarter. Atlas Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter valued at approximately $7,774,000. Blue Trust Inc. grew its holdings in shares of Grayscale Bitcoin Trust by 10.1% during the 3rd quarter. Blue Trust Inc. now owns 16,330 shares of the company’s stock valued at $869,000 after purchasing an additional 1,500 shares during the last quarter. West Oak Capital LLC increased its position in Grayscale Bitcoin Trust by 100.0% during 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 in the last quarter. Finally, Secure Asset Management LLC lifted its stake in Grayscale Bitcoin Trust by 39.5% in the 3rd quarter. Secure Asset Management LLC now owns 8,862 shares of the company’s stock valued at $448,000 after purchasing an additional 2,509 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC stock traded down $0.49 on Tuesday, hitting $53.40. The company had a trading volume of 643,389 shares, compared to its average volume of 9,391,233. The stock’s 50-day moving average is $48.83 and its two-hundred day moving average is $53.78. The firm has a market cap of $27.27 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a twelve month low of $23.92 and a twelve month high of $65.61.

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.