Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC decreased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,741 shares of the company’s stock after selling 214 shares during the quarter. Grayscale Bitcoin Trust comprises about 0.4% of Montz Harcus Wealth Management LLC’s holdings, making the stock its 28th largest position. Montz Harcus Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Greenwich Wealth Management LLC increased its position in shares of Grayscale Bitcoin Trust by 99.9% in the third quarter. Greenwich Wealth Management LLC now owns 1,076,820 shares of the company’s stock worth $54,379,000 after acquiring an additional 538,256 shares in the last quarter. Mad River Investors boosted its holdings in shares of Grayscale Bitcoin Trust by 26.7% in the third quarter. Mad River Investors now owns 389,745 shares of the company’s stock valued at $19,682,000 after acquiring an additional 82,187 shares in the last quarter. Moors & Cabot Inc. lifted its position in Grayscale Bitcoin Trust by 0.4% in the third quarter. Moors & Cabot Inc. now owns 368,975 shares of the company’s stock worth $18,633,000 after purchasing an additional 1,305 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the 4th quarter valued at $19,360,000. Finally, International Assets Investment Management LLC raised its position in shares of 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 purchasing an additional 189,585 shares during the period.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA:GBTC opened at $75.40 on Wednesday. The firm has a 50 day simple moving average of $78.57 and a 200 day simple moving average of $62.97. The company has a market cap of $38.51 billion, a PE ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52 week low of $39.56 and a 52 week high of $86.11.

Grayscale Bitcoin Trust 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.