Mcdonald Partners LLC Decreases Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Mcdonald Partners LLC lowered its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 18.8% in the 4th quarter, HoldingsChannel reports. The firm owned 5,100 shares of the company’s stock after selling 1,180 shares during the quarter. Mcdonald Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $378,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. increased its stake in shares of Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after purchasing an additional 310 shares during the last quarter. Activest Wealth Management grew its stake in Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after buying an additional 140 shares in the last quarter. Icon Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Trust in the 3rd quarter valued at approximately $53,000. Safe Harbor Fiduciary LLC purchased a new position in Grayscale Bitcoin Trust in the 3rd quarter valued at approximately $56,000. Finally, Hollencrest Capital Management grew its stake in Grayscale Bitcoin Trust by 40.6% in the 3rd quarter. Hollencrest Capital Management now owns 1,195 shares of the company’s stock valued at $60,000 after buying an additional 345 shares in the last quarter.

Grayscale Bitcoin Trust Trading Down 3.3 %

Grayscale Bitcoin Trust stock opened at $74.48 on Wednesday. Grayscale Bitcoin Trust has a 1-year low of $39.56 and a 1-year high of $86.11. The firm has a market capitalization of $18.83 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51. The firm has a 50 day simple moving average of $78.41 and a 200 day simple moving average of $63.73.

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.