Plancorp LLC Trims Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Plancorp LLC lessened its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 36.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,174 shares of the company’s stock after selling 7,020 shares during the period. Plancorp LLC’s holdings in Grayscale Bitcoin Trust were worth $901,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Runnymede Capital Advisors Inc. purchased a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $895,000. Virtu Financial LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $6,249,000. HUB Investment Partners LLC purchased a new position in Grayscale Bitcoin Trust during the 4th quarter valued at about $315,000. SlateStone Wealth LLC grew its holdings in shares of Grayscale Bitcoin Trust by 34.0% during the 4th quarter. SlateStone Wealth LLC now owns 5,513 shares of the company’s stock worth $408,000 after acquiring an additional 1,400 shares during the period. Finally, Patten & Patten Inc. TN purchased a new position in shares of Grayscale Bitcoin Trust during the 4th quarter worth approximately $273,000.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA:GBTC opened at $66.32 on Friday. Grayscale Bitcoin Trust has a 52-week low of $39.56 and a 52-week high of $86.11. The firm has a market capitalization of $16.41 billion, a P/E ratio of 2.23 and a beta of 2.59. The stock has a 50 day moving average price of $74.24 and a 200-day moving average price of $67.06.

About Grayscale Bitcoin Trust

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.