Snowden Capital Advisors LLC Sells 131 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Snowden Capital Advisors LLC trimmed its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,945 shares of the company’s stock after selling 131 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Proficio Capital Partners LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 4,462.7% during the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after acquiring an additional 2,057,850 shares during the period. LPL Financial LLC lifted its holdings in Grayscale Bitcoin Trust by 0.4% during the 4th quarter. LPL Financial LLC now owns 1,121,456 shares of the company’s stock valued at $83,010,000 after purchasing an additional 4,728 shares during the last quarter. Leigh Baldwin & CO. LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $34,353,000. Strategic Financial Concepts LLC bought a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $19,360,000. Finally, Millennium Management LLC lifted its holdings in Grayscale Bitcoin Trust by 66.2% during the 4th quarter. Millennium Management LLC now owns 166,177 shares of the company’s stock valued at $12,300,000 after purchasing an additional 66,177 shares during the last quarter.

Grayscale Bitcoin Trust Stock Up 1.5%

Shares of GBTC stock opened at $85.73 on Thursday. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $87.70. The company has a market capitalization of $20.69 billion, a P/E ratio of 2.23 and a beta of 2.51. The firm has a 50-day moving average price of $71.47 and a 200 day moving average price of $73.66.

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.