Grayscale Bitcoin Trust (NYSEARCA:GBTC) Shares Sold by Americana Partners LLC

Americana Partners LLC cut its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 27.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,035 shares of the company’s stock after selling 2,325 shares during the quarter. Americana Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. boosted its holdings in Grayscale Bitcoin Trust by 310.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after purchasing an additional 310 shares during the period. Activest Wealth Management boosted its holdings in Grayscale Bitcoin Trust by 53.0% in the fourth quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after purchasing an additional 140 shares during the period. Icon Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Trust in the third quarter valued at $53,000. Safe Harbor Fiduciary LLC purchased a new stake in Grayscale Bitcoin Trust during the 3rd quarter worth about $56,000. Finally, Hollencrest Capital Management lifted its holdings in Grayscale Bitcoin Trust by 40.6% during the 3rd quarter. Hollencrest Capital Management now owns 1,195 shares of the company’s stock worth $60,000 after buying an additional 345 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of NYSEARCA GBTC opened at $74.48 on Wednesday. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51. The business has a 50-day moving average of $78.41 and a two-hundred day moving average of $63.73. Grayscale Bitcoin Trust has a 1 year low of $39.56 and a 1 year 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.