Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC cut its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 64.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,711 shares of the company’s stock after selling 6,861 shares during the period. Good Life Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $275,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Activest Wealth Management increased its position 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 acquiring an additional 140 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in shares of Grayscale Bitcoin Trust by 310.0% in 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. Financial Life Planners purchased a new position in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $61,000. West Oak Capital LLC boosted its stake 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 valued at $73,000 after purchasing an additional 340 shares during the period. Finally, Icon Wealth Advisors LLC purchased a new position in shares of Grayscale Bitcoin Trust in the third quarter valued at approximately $53,000.

Grayscale Bitcoin Trust Stock Down 3.8 %

Shares of Grayscale Bitcoin Trust stock opened at $75.06 on Friday. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The company has a 50 day moving average of $78.25 and a 200 day moving average of $64.09. The company has a market capitalization of $18.97 billion, a P/E ratio of 2.23 and a beta of 2.51.

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.