Heritage Family Offices LLP Sells 555 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Heritage Family Offices LLP lowered its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,325 shares of the company’s stock after selling 555 shares during the quarter. Heritage Family Offices LLP’s holdings in Grayscale Bitcoin Trust were worth $468,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GBTC. Synovus Financial Corp grew its stake in shares of Grayscale Bitcoin Trust by 0.8% in the 3rd quarter. Synovus Financial Corp now owns 20,956 shares of the company’s stock valued at $1,058,000 after purchasing an additional 169 shares during the period. Flagstar Advisors Inc. boosted its stake in Grayscale Bitcoin Trust by 2.7% in the 3rd quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock valued at $377,000 after buying an additional 196 shares in the last quarter. Cornerstone Wealth Management LLC grew its position in Grayscale Bitcoin Trust by 6.7% in the third quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $207,000 after acquiring an additional 257 shares during the period. Sound Income Strategies LLC grew its position in Grayscale Bitcoin Trust by 6.3% in the third quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock valued at $235,000 after acquiring an additional 276 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 310.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after acquiring an additional 310 shares during the period.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA:GBTC opened at $78.97 on Thursday. The company’s fifty day moving average is $75.76 and its 200-day moving average is $59.71. Grayscale Bitcoin Trust has a 52 week low of $34.31 and a 52 week high of $86.11. The company has a market capitalization of $40.33 billion, a PE 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.