Dakota Wealth Management reduced its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,471 shares of the company’s stock after selling 1,458 shares during the period. Dakota Wealth Management’s holdings in Grayscale Bitcoin Trust were worth $731,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Grayscale Bitcoin Trust during the first quarter valued at about $27,000. Hollencrest Capital Management acquired a new stake in shares of Grayscale Bitcoin Trust during the first quarter valued at about $28,000. DHJJ Financial Advisors Ltd. acquired a new stake in shares of Grayscale Bitcoin Trust during the second quarter valued at about $26,000. Global Wealth Strategies & Associates acquired a new stake in shares of Grayscale Bitcoin Trust during the second quarter valued at about $27,000. Finally, ZRC Wealth Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust during the second quarter valued at about $29,000.
Grayscale Bitcoin Trust Stock Performance
Shares of GBTC stock opened at $53.09 on Monday. Grayscale Bitcoin Trust has a one year low of $24.85 and a one year high of $65.61. The company’s 50-day simple moving average is $49.34 and its 200-day simple moving average is $53.61. The stock has a market capitalization of $27.11 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.
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.
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