Convergence Financial LLC Sells 47,108 Shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Convergence Financial LLC reduced its stake in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) by 80.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,417 shares of the company’s stock after selling 47,108 shares during the period. Convergence Financial LLC owned about 3.51% of Grayscale Bitcoin Mini Trust worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Creative Planning acquired a new stake in Grayscale Bitcoin Mini Trust in the third quarter valued at approximately $819,000. Private Advisor Group LLC bought a new position in shares of Grayscale Bitcoin Mini Trust in the 3rd quarter valued at $167,000. International Assets Investment Management LLC acquired a new stake in shares of Grayscale Bitcoin Mini Trust during the 3rd quarter valued at $1,210,000. Dakota Wealth Management bought a new stake in Grayscale Bitcoin Mini Trust during the 3rd quarter worth $81,000. Finally, Pettinga Financial Advisors LLC acquired a new position in Grayscale Bitcoin Mini Trust in the 3rd quarter worth about $1,095,000.

Grayscale Bitcoin Mini Trust Trading Down 4.4 %

Grayscale Bitcoin Mini Trust stock opened at $37.32 on Thursday. The stock has a 50-day moving average price of $43.31 and a two-hundred day moving average price of $36.27. Grayscale Bitcoin Mini Trust has a 12 month low of $22.00 and a 12 month high of $48.07.