Prime Capital Investment Advisors LLC Has $555,000 Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Prime Capital Investment Advisors LLC decreased its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,999 shares of the company’s stock after selling 334 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust were worth $555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Beam Wealth Advisors Inc. lifted its position in Grayscale Bitcoin Trust by 10.2% during the 3rd quarter. Beam Wealth Advisors Inc. now owns 16,798 shares of the company’s stock worth $848,000 after acquiring an additional 1,561 shares during the last quarter. Hollencrest Capital Management lifted its position in shares of Grayscale Bitcoin Trust by 40.6% during the 3rd quarter. Hollencrest Capital Management now owns 1,195 shares of the company’s stock worth $60,000 after purchasing an additional 345 shares during the last quarter. WoodTrust Financial Corp acquired a new position in shares of Grayscale Bitcoin Trust during the 3rd quarter worth about $238,000. Malaga Cove Capital LLC bought a new stake in Grayscale Bitcoin Trust during the 3rd quarter valued at approximately $753,000. Finally, American Capital Advisory LLC acquired a new stake in Grayscale Bitcoin Trust in the 3rd quarter valued at approximately $316,000.

Grayscale Bitcoin Trust Stock Up 4.7 %

Shares of GBTC stock opened at $72.78 on Friday. Grayscale Bitcoin Trust has a 12 month low of $28.33 and a 12 month high of $74.36. The firm has a market cap of $37.17 billion, a PE ratio of 2.29 and a beta of 1.25. The stock has a 50 day moving average of $53.06 and a 200-day moving average of $53.92.

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.