Verdence Capital Advisors LLC Sells 12,475 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Verdence Capital Advisors LLC trimmed its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 55.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,927 shares of the company’s stock after selling 12,475 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GBTC. Proficio Capital Partners LLC grew its position in shares of 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 buying an additional 2,057,850 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $19,360,000. Citrine Capital LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $7,721,000. Variant Private Wealth LLC bought a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter worth approximately $7,113,000. Finally, Larson Financial Group LLC grew its position in shares of Grayscale Bitcoin Trust by 204.3% in the 3rd quarter. Larson Financial Group LLC now owns 102,433 shares of the company’s stock worth $5,173,000 after buying an additional 68,768 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of GBTC stock opened at $70.44 on Friday. The firm has a market cap of $17.80 billion, a P/E ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust has a fifty-two week low of $39.56 and a fifty-two week high of $86.11. The business’s 50 day moving average price is $76.43 and its 200-day moving average price is $65.71.

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.