Money Concepts Capital Corp Sells 250 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Money Concepts Capital Corp lowered its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,735 shares of the company’s stock after selling 250 shares during the period. Money Concepts Capital Corp’s holdings in Grayscale Bitcoin Trust were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Greenwich Wealth Management LLC boosted its holdings in 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 buying an additional 538,256 shares during the last quarter. Mad River Investors boosted its holdings in Grayscale Bitcoin Trust by 26.7% during the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock worth $19,682,000 after buying an additional 82,187 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Grayscale Bitcoin Trust by 0.4% during the third quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after buying an additional 1,305 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Grayscale Bitcoin Trust by 4,950.0% during the third quarter. International Assets Investment Management LLC now owns 193,415 shares of the company’s stock worth $97,670,000 after buying an additional 189,585 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Grayscale Bitcoin Trust by 2.9% during the third quarter. Sequoia Financial Advisors LLC now owns 180,068 shares of the company’s stock worth $9,093,000 after purchasing an additional 5,120 shares during the period.

Grayscale Bitcoin Trust Price Performance

NYSEARCA GBTC opened at $76.78 on Friday. The firm has a market cap of $39.21 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock’s 50-day moving average is $78.58 and its 200-day moving average is $62.57. Grayscale Bitcoin Trust has a one year low of $38.29 and a one year 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.