Transcend Capital Advisors LLC Has $869,000 Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Transcend Capital Advisors LLC lessened its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 54.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,739 shares of the company’s stock after selling 13,794 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $869,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. boosted 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 worth $30,000 after acquiring an additional 310 shares in the last quarter. Activest Wealth Management lifted 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 purchasing an additional 140 shares during the last quarter. Bear Mountain Capital Inc. boosted its position in Grayscale Bitcoin Trust by 162.5% during the fourth quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock worth $43,000 after purchasing an additional 325 shares during the period. Icon Wealth Advisors LLC bought a new stake in Grayscale Bitcoin Trust during the third quarter worth approximately $53,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in Grayscale Bitcoin Trust during the third quarter worth approximately $56,000.

Grayscale Bitcoin Trust Stock Down 3.8 %

Shares of Grayscale Bitcoin Trust stock opened at $75.06 on Friday. The stock has a market capitalization of $18.97 billion, a P/E ratio of 2.23 and a beta of 2.51. The stock has a 50 day moving average price of $78.14 and a two-hundred day moving average price of $64.31. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month 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.