Verus Capital Partners LLC Sells 1,097 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Verus Capital Partners LLC lessened its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,950 shares of the company’s stock after selling 1,097 shares during the period. Verus Capital Partners LLC’s holdings in Grayscale Bitcoin Trust were worth $292,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Proficio Capital Partners LLC raised its position in Grayscale Bitcoin Trust by 4,462.7% in the 4th quarter. Proficio Capital Partners LLC now owns 2,103,962 shares of the company’s stock worth $155,735,000 after purchasing an additional 2,057,850 shares during the last quarter. Schneider Downs Wealth Management Advisors LP raised its position in Grayscale Bitcoin Trust by 15.5% in the 4th quarter. Schneider Downs Wealth Management Advisors LP now owns 11,185 shares of the company’s stock worth $828,000 after purchasing an additional 1,500 shares during the last quarter. Nwam LLC raised its position in Grayscale Bitcoin Trust by 1.9% in the 4th quarter. Nwam LLC now owns 23,931 shares of the company’s stock worth $1,771,000 after purchasing an additional 441 shares during the last quarter. Advisor OS LLC bought a new position in Grayscale Bitcoin Trust in the 4th quarter worth approximately $245,000. Finally, Cutter & CO Brokerage Inc. acquired a new stake in Grayscale Bitcoin Trust during the 4th quarter worth $289,000.

Grayscale Bitcoin Trust Stock Performance

GBTC opened at $66.61 on Friday. The company has a fifty day moving average price of $76.98 and a two-hundred day moving average price of $65.20. 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 $16.84 billion, a PE ratio of 2.23 and a beta of 2.51.

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.