Wilmington Savings Fund Society FSB Reduces Stock Holdings in Grayscale Bitcoin Trust ETF $GBTC

Wilmington Savings Fund Society FSB cut its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 56.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,870 shares of the company’s stock after selling 12,700 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Grayscale Bitcoin Trust ETF were worth $886,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Ciovacco Capital Management LLC acquired a new position in Grayscale Bitcoin Trust ETF during the third quarter worth about $696,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the second quarter valued at about $2,779,000. CWM LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 117.9% in the third quarter. CWM LLC now owns 12,571 shares of the company’s stock valued at $1,128,000 after purchasing an additional 6,802 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Grayscale Bitcoin Trust ETF by 203.6% in the second quarter. Corient Private Wealth LLC now owns 49,653 shares of the company’s stock valued at $4,212,000 after purchasing an additional 33,299 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 2nd quarter worth approximately $280,000.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC stock opened at $54.71 on Friday. The stock’s 50 day moving average price is $59.50 and its 200 day moving average price is $72.97. The firm has a market cap of $13.17 billion, a P/E ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a 1 year low of $48.56 and a 1 year high of $99.12.

Grayscale Bitcoin Trust ETF Company 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.