Western Wealth Management LLC Trims Position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

Western Wealth Management LLC decreased its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 20.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,668 shares of the company’s stock after selling 2,780 shares during the quarter. Western Wealth Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC boosted its stake in Grayscale Bitcoin Trust ETF by 0.4% in the 4th quarter. LPL Financial LLC now owns 1,121,456 shares of the company’s stock worth $83,010,000 after buying an additional 4,728 shares during the last quarter. Leigh Baldwin & CO. LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter worth approximately $34,353,000. TB Alternative Assets Ltd. grew its holdings in Grayscale Bitcoin Trust ETF by 942.4% in the first quarter. TB Alternative Assets Ltd. now owns 290,203 shares of the company’s stock valued at $18,913,000 after purchasing an additional 262,362 shares during the period. Kingswood Wealth Advisors LLC increased its position in Grayscale Bitcoin Trust ETF by 0.7% during the first quarter. Kingswood Wealth Advisors LLC now owns 287,024 shares of the company’s stock worth $18,707,000 after purchasing an additional 1,957 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Grayscale Bitcoin Trust ETF by 26.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 221,153 shares of the company’s stock worth $16,370,000 after purchasing an additional 46,072 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Down 0.7%

Shares of GBTC opened at $84.16 on Friday. Grayscale Bitcoin Trust ETF has a fifty-two week low of $39.56 and a fifty-two week high of $88.36. The company’s fifty day moving average is $81.07 and its two-hundred day moving average is $75.86. The firm has a market cap of $19.79 billion, a PE ratio of 2.23 and a beta of 2.50.

About Grayscale Bitcoin Trust ETF

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.