Grayscale Bitcoin Trust ETF $GBTC Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC lessened its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 4.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 258,734 shares of the company’s stock after selling 12,733 shares during the period. Beaumont Financial Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $13,651,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Citizens Financial Group Inc. RI boosted its stake in Grayscale Bitcoin Trust ETF by 1.3% during the 1st quarter. Citizens Financial Group Inc. RI now owns 13,727 shares of the company’s stock valued at $724,000 after purchasing an additional 180 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 38,972.0% in the first quarter. Fifth Third Bancorp now owns 39,072 shares of the company’s stock valued at $2,061,000 after buying an additional 38,972 shares during the period. Triton Wealth Management PLLC boosted its stake in Grayscale Bitcoin Trust ETF by 5.2% during the first quarter. Triton Wealth Management PLLC now owns 4,396 shares of the company’s stock valued at $236,000 after buying an additional 216 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Grayscale Bitcoin Trust ETF by 6.9% during the first quarter. Sequoia Financial Advisors LLC now owns 127,176 shares of the company’s stock valued at $6,710,000 after buying an additional 8,231 shares in the last quarter. Finally, Roman Butler Fullerton & Co. grew its holdings in Grayscale Bitcoin Trust ETF by 6.4% during the first quarter. Roman Butler Fullerton & Co. now owns 5,802 shares of the company’s stock worth $322,000 after acquiring an additional 351 shares during the period.

Grayscale Bitcoin Trust ETF Stock Up 0.6%

NYSEARCA:GBTC opened at $50.34 on Thursday. The business’s 50-day moving average price is $52.80 and its 200 day moving average price is $57.27. Grayscale Bitcoin Trust ETF has a 52-week low of $44.98 and a 52-week high of $99.12. The firm has a market cap of $9.76 billion, a P/E ratio of 2.23 and a beta of 2.19.

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.