Sound Income Strategies LLC Sells 188 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Sound Income Strategies LLC trimmed its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,463 shares of the company’s stock after selling 188 shares during the quarter. Sound Income Strategies LLC’s holdings in Grayscale Bitcoin Trust were worth $330,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. RFG Advisory LLC acquired a new stake in Grayscale Bitcoin Trust in the 4th quarter valued at about $262,000. Cornerstone Wealth Management LLC raised its stake in Grayscale Bitcoin Trust by 5.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 4,324 shares of the company’s stock valued at $320,000 after buying an additional 224 shares during the period. Hengehold Capital Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter valued at approximately $201,000. Red Door Wealth Management LLC boosted its stake in shares of Grayscale Bitcoin Trust by 1.5% during the 4th quarter. Red Door Wealth Management LLC now owns 97,841 shares of the company’s stock worth $7,242,000 after acquiring an additional 1,411 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in shares of Grayscale Bitcoin Trust by 225.5% during the 4th quarter. Avior Wealth Management LLC now owns 1,621 shares of the company’s stock worth $120,000 after acquiring an additional 1,123 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock opened at $83.17 on Friday. The business has a fifty day simple moving average of $77.79 and a two-hundred day simple moving average of $61.09. Grayscale Bitcoin Trust has a 1 year low of $35.24 and a 1 year high of $86.11. The company has a market capitalization of $42.48 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

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.