Joseph P. Lucia & Associates LLC Sells 2,905 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Joseph P. Lucia & Associates LLC trimmed its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 9.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 26,370 shares of the company’s stock after selling 2,905 shares during the period. Joseph P. Lucia & Associates LLC’s holdings in Grayscale Bitcoin Trust were worth $1,952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in Grayscale Bitcoin Trust by 80.5% during the 2nd quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock worth $1,057,000 after buying an additional 8,533 shares in the last quarter. Ascent Group LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 2nd quarter valued at $215,000. Creative Planning grew its stake in shares of Grayscale Bitcoin Trust by 1.3% in the second quarter. Creative Planning now owns 82,857 shares of the company’s stock worth $4,411,000 after acquiring an additional 1,074 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Grayscale Bitcoin Trust by 8.8% in the second quarter. Sunbelt Securities Inc. now owns 4,322 shares of the company’s stock valued at $230,000 after acquiring an additional 350 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new position in Grayscale Bitcoin Trust in the second quarter valued at $2,158,000.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA:GBTC opened at $80.25 on Tuesday. Grayscale Bitcoin Trust has a 1 year low of $37.31 and a 1 year high of $86.11. The stock has a market cap of $40.98 billion, a P/E ratio of 2.29 and a beta of 1.25. The stock has a 50-day simple moving average of $77.79 and a 200-day simple moving average of $61.23.

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.