Jeppson Wealth Management LLC Sells 546 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Jeppson Wealth Management LLC reduced its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 11.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,293 shares of the company’s stock after selling 546 shares during the period. Jeppson Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in GBTC. Impact Partnership Wealth LLC lifted its stake in Grayscale Bitcoin Trust by 136.1% during the second quarter. Impact Partnership Wealth LLC now owns 4,550 shares of the company’s stock worth $242,000 after purchasing an additional 2,623 shares during the last quarter. Larson Financial Group LLC lifted its stake in Grayscale Bitcoin Trust by 39.6% during the second quarter. Larson Financial Group LLC now owns 33,665 shares of the company’s stock worth $1,792,000 after purchasing an additional 9,553 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in Grayscale Bitcoin Trust by 0.4% during the second quarter. Foundations Investment Advisors LLC now owns 112,631 shares of the company’s stock worth $5,996,000 after purchasing an additional 470 shares during the last quarter. Laidlaw Wealth Management LLC lifted its stake in Grayscale Bitcoin Trust by 4.8% during the second quarter. Laidlaw Wealth Management LLC now owns 11,847 shares of the company’s stock worth $631,000 after purchasing an additional 543 shares during the last quarter. Finally, Verus Capital Partners LLC bought a new stake in Grayscale Bitcoin Trust during the second quarter worth $325,000.

Grayscale Bitcoin Trust Trading Up 0.1 %

NYSEARCA GBTC traded up $0.04 on Friday, hitting $44.70. 324,484 shares of the company’s stock were exchanged, compared to its average volume of 10,544,601. The stock has a 50-day moving average of $51.07 and a 200-day moving average of $55.59. Grayscale Bitcoin Trust has a 52 week low of $18.04 and a 52 week high of $65.61. The stock has a market cap of $22.83 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.