Avantax Planning Partners Inc. Sells 1,803 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Avantax Planning Partners Inc. decreased its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 35.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,223 shares of the company’s stock after selling 1,803 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Grayscale Bitcoin Trust were worth $239,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. increased its stake in Grayscale Bitcoin Trust by 310.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock valued at $30,000 after buying an additional 310 shares during the last quarter. Activest Wealth Management increased its stake in Grayscale Bitcoin Trust by 53.0% in the 4th quarter. Activest Wealth Management now owns 404 shares of the company’s stock valued at $30,000 after buying an additional 140 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at about $30,000. Cullen Frost Bankers Inc. purchased a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at about $36,000. Finally, Bear Mountain Capital Inc. increased its stake in Grayscale Bitcoin Trust by 162.5% in the 4th quarter. Bear Mountain Capital Inc. now owns 525 shares of the company’s stock valued at $43,000 after buying an additional 325 shares during the last quarter.

Grayscale Bitcoin Trust Stock Down 0.2 %

Shares of GBTC stock opened at $65.57 on Thursday. The company has a 50 day moving average of $75.72 and a 200-day moving average of $66.31. Grayscale Bitcoin Trust has a 12-month low of $39.56 and a 12-month high of $86.11. The firm has a market cap of $16.22 billion, a P/E ratio of 2.23 and a beta of 2.59.

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.