Abacus Planning Group Inc. Lowers Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Abacus Planning Group Inc. lessened its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 21.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,621 shares of the company’s stock after selling 6,598 shares during the quarter. Abacus Planning Group Inc.’s holdings in Grayscale Bitcoin Trust were worth $1,748,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in GBTC. Activest Wealth Management lifted its position in Grayscale Bitcoin Trust by 53.0% during the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock worth $30,000 after buying an additional 140 shares during the period. Armstrong Advisory Group Inc. lifted its holdings 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 worth $30,000 after acquiring an additional 310 shares during the period. Financial Life Planners purchased a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth about $61,000. West Oak Capital LLC boosted its position in shares of Grayscale Bitcoin Trust by 53.1% in the fourth quarter. West Oak Capital LLC now owns 980 shares of the company’s stock worth $73,000 after acquiring an additional 340 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new stake in Grayscale Bitcoin Trust in the third quarter valued at approximately $53,000.

Grayscale Bitcoin Trust Stock Up 2.1 %

NYSEARCA:GBTC opened at $76.08 on Thursday. The company has a market cap of $19.23 billion, a P/E ratio of 2.23 and a beta of 2.51. The firm’s 50 day moving average is $78.28 and its two-hundred day moving average is $63.99. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two 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.