Strategic Financial Concepts LLC Sells 188 Shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

Strategic Financial Concepts LLC lessened its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,597 shares of the company’s stock after selling 188 shares during the period. Strategic Financial Concepts LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $234,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of GBTC. Fisher Asset Management LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 4th quarter worth about $633,000. US Bancorp DE raised its position in shares of Grayscale Bitcoin Trust ETF by 2.4% during the fourth quarter. US Bancorp DE now owns 48,016 shares of the company’s stock worth $3,554,000 after acquiring an additional 1,143 shares during the last quarter. Synergy Investment Management LLC bought a new stake in Grayscale Bitcoin Trust ETF in the fourth quarter valued at approximately $30,000. Cullen Frost Bankers Inc. bought a new stake in Grayscale Bitcoin Trust ETF in the fourth quarter valued at approximately $36,000. Finally, Raymond James Financial Inc. acquired a new stake in Grayscale Bitcoin Trust ETF during the 4th quarter valued at approximately $4,205,000.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of NYSEARCA GBTC opened at $86.07 on Friday. The company’s 50 day moving average price is $82.09 and its 200-day moving average price is $75.97. Grayscale Bitcoin Trust ETF has a 52-week low of $39.56 and a 52-week high of $88.36. The company has a market capitalization of $20.24 billion, a P/E ratio of 2.23 and a beta of 2.50.

Grayscale Bitcoin Trust ETF Company 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.