Highline Wealth Partners LLC Cuts Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Highline Wealth Partners LLC reduced its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 12.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,540 shares of the company’s stock after selling 374 shares during the period. Highline Wealth Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $188,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in GBTC. Bleakley Financial Group LLC grew its position in Grayscale Bitcoin Trust by 2.3% during the third quarter. Bleakley Financial Group LLC now owns 60,389 shares of the company’s stock worth $3,050,000 after buying an additional 1,349 shares during the period. ORG Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the 3rd quarter worth approximately $46,000. Private Advisor Group LLC increased its stake in Grayscale Bitcoin Trust by 46.4% in the 2nd quarter. Private Advisor Group LLC now owns 32,295 shares of the company’s stock valued at $1,720,000 after purchasing an additional 10,243 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Grayscale Bitcoin Trust by 6.3% during the third quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock worth $235,000 after purchasing an additional 276 shares during the last quarter. Finally, Intellectus Partners LLC boosted its position in Grayscale Bitcoin Trust by 4.1% during the third quarter. Intellectus Partners LLC now owns 79,934 shares of the company’s stock worth $4,037,000 after purchasing an additional 3,165 shares in the last quarter.

Grayscale Bitcoin Trust Trading Up 1.1 %

Shares of NYSEARCA:GBTC traded up $0.84 during midday trading on Friday, hitting $75.32. 3,200,380 shares of the stock were exchanged, compared to its average volume of 3,117,802. Grayscale Bitcoin Trust has a twelve month low of $34.31 and a twelve month high of $86.11. The company has a 50 day moving average price of $74.15 and a 200-day moving average price of $59.05. The stock has a market cap of $38.47 billion, a P/E ratio of 2.29 and a beta of 1.25.

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.