Beck Capital Management LLC Trims Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Beck Capital Management LLC lowered its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,501 shares of the company’s stock after selling 274 shares during the quarter. Grayscale Bitcoin Trust accounts for 1.2% of Beck Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Beck Capital Management LLC’s holdings in Grayscale Bitcoin Trust were worth $4,318,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Greenwich Wealth Management LLC lifted its position in shares of Grayscale Bitcoin Trust by 99.9% during the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after purchasing an additional 538,256 shares during the last quarter. LPL Financial LLC lifted its holdings in Grayscale Bitcoin Trust by 7.1% during the 2nd quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock valued at $54,887,000 after buying an additional 68,698 shares in the last quarter. Mad River Investors boosted its position in Grayscale Bitcoin Trust by 26.7% in the 3rd quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after buying an additional 82,187 shares during the period. Moors & Cabot Inc. grew its stake in Grayscale Bitcoin Trust by 0.4% in the 3rd quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after acquiring an additional 1,305 shares in the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust during the second quarter worth approximately $14,810,000.

Grayscale Bitcoin Trust Stock Performance

Grayscale Bitcoin Trust stock opened at $77.09 on Monday. Grayscale Bitcoin Trust has a fifty-two week low of $30.01 and a fifty-two week high of $79.34. The company has a market capitalization of $39.37 billion, a PE ratio of 2.29 and a beta of 1.25. The company has a 50 day moving average price of $59.31 and a 200-day moving average price of $55.49.

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.