Sunbelt Securities Inc. Raises Stock Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Sunbelt Securities Inc. raised its position in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,697 shares of the company’s stock after purchasing an additional 375 shares during the quarter. Sunbelt Securities Inc.’s holdings in Grayscale Bitcoin Trust were worth $237,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Flagstar Advisors Inc. boosted its holdings in shares of Grayscale Bitcoin Trust by 2.7% during the third quarter. Flagstar Advisors Inc. now owns 7,472 shares of the company’s stock worth $377,000 after purchasing an additional 196 shares during the period. Cornerstone Wealth Management LLC raised its position in Grayscale Bitcoin Trust by 6.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 4,100 shares of the company’s stock valued at $207,000 after purchasing an additional 257 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Grayscale Bitcoin Trust by 6.3% in the 3rd quarter. Sound Income Strategies LLC now owns 4,651 shares of the company’s stock worth $235,000 after buying an additional 276 shares during the period. Bedell Frazier Investment Counselling LLC grew its position in shares of Grayscale Bitcoin Trust by 3.4% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 9,612 shares of the company’s stock worth $485,000 after buying an additional 315 shares during the last quarter. Finally, West Oak Capital LLC increased its stake in shares of Grayscale Bitcoin Trust by 100.0% during the third quarter. West Oak Capital LLC now owns 640 shares of the company’s stock valued at $32,000 after buying an additional 320 shares during the period.

Grayscale Bitcoin Trust Stock Up 1.7 %

Shares of GBTC stock opened at $80.77 on Friday. The firm has a market capitalization of $41.25 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. The stock has a fifty day moving average of $64.33 and a 200 day moving average of $56.65. Grayscale Bitcoin Trust has a 52 week low of $33.29 and a 52 week high of $82.44.

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.