Brown Brothers Harriman & Co. Reduces Stock Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Brown Brothers Harriman & Co. cut its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 79.5% during the fourth quarter, Holdings Channel reports. The firm owned 2,071 shares of the company’s stock after selling 8,039 shares during the period. Brown Brothers Harriman & Co.’s holdings in Grayscale Bitcoin Trust were worth $153,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of GBTC. Orion Portfolio Solutions LLC boosted its position in Grayscale Bitcoin Trust by 19.4% in the fourth quarter. Orion Portfolio Solutions LLC now owns 8,088 shares of the company’s stock valued at $599,000 after buying an additional 1,316 shares during the last quarter. Blair William & Co. IL boosted its holdings in shares of Grayscale Bitcoin Trust by 1.0% in the 4th quarter. Blair William & Co. IL now owns 109,413 shares of the company’s stock valued at $8,099,000 after acquiring an additional 1,117 shares during the last quarter. AssuredPartners Investment Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust in the 4th quarter valued at $658,000. Tyler Stone Wealth Management acquired a new stake in shares of Grayscale Bitcoin Trust in the fourth quarter worth $212,000. Finally, Arlington Capital Management Inc. raised its holdings in shares of Grayscale Bitcoin Trust by 15.8% during the fourth quarter. Arlington Capital Management Inc. now owns 6,754 shares of the company’s stock worth $500,000 after purchasing an additional 920 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA:GBTC opened at $67.16 on Wednesday. The firm’s fifty day moving average is $72.56 and its two-hundred day moving average is $68.46. The firm has a market cap of $16.46 billion, a price-to-earnings ratio of 2.23 and a beta of 2.59. Grayscale Bitcoin Trust has a one year low of $39.56 and a one year high of $86.11.

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.