Perigon Wealth Management LLC Sells 1,453 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Perigon Wealth Management LLC trimmed its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 5.1% in the 4th quarter, Holdings Channel reports. The firm owned 27,143 shares of the company’s stock after selling 1,453 shares during the quarter. Perigon Wealth Management LLC’s holdings in Grayscale Bitcoin Trust were worth $2,159,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GBTC. Armstrong Advisory Group Inc. lifted its holdings in shares of Grayscale Bitcoin Trust by 310.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 410 shares of the company’s stock worth $30,000 after acquiring an additional 310 shares during the last quarter. West Oak Capital LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 100.0% during the 3rd quarter. West Oak Capital LLC now owns 640 shares of the company’s stock worth $32,000 after acquiring an additional 320 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter worth $46,000. Future Financial Wealth Managment LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter worth $50,000. Finally, Icon Wealth Advisors LLC bought a new stake in shares of Grayscale Bitcoin Trust during the 3rd quarter worth $53,000.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA GBTC opened at $82.58 on Thursday. Grayscale Bitcoin Trust has a 52-week low of $37.73 and a 52-week high of $86.11. The company has a market capitalization of $42.17 billion, a P/E ratio of 2.29 and a beta of 1.25. The company has a fifty day moving average of $78.07 and a 200-day moving average of $61.64.

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.