Beaumont Financial Advisors LLC Lowers Stock Holdings in Grayscale Bitcoin Trust ETF $GBTC

Beaumont Financial Advisors LLC lessened its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 274,368 shares of the company’s stock after selling 11,593 shares during the period. Grayscale Bitcoin Trust ETF makes up approximately 1.6% of Beaumont Financial Advisors LLC’s portfolio, making the stock its 17th largest position. Beaumont Financial Advisors LLC owned 0.11% of Grayscale Bitcoin Trust ETF worth $24,630,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Elevation Point Wealth Partners LLC purchased a new position in Grayscale Bitcoin Trust ETF in the second quarter valued at $33,000. Flaharty Asset Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF during the first quarter worth approximately $39,000. Atlantic Union Bankshares Corp acquired a new position in Grayscale Bitcoin Trust ETF in the second quarter valued at $42,000. First Horizon Advisors Inc. increased its position in Grayscale Bitcoin Trust ETF by 36.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $49,000 after acquiring an additional 155 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Grayscale Bitcoin Trust ETF by 431.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,010 shares of the company’s stock worth $86,000 after purchasing an additional 820 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Down 1.7%

NYSEARCA GBTC opened at $71.00 on Thursday. The stock has a market capitalization of $17.09 billion, a P/E ratio of 2.23 and a beta of 2.40. The firm has a 50-day moving average price of $72.34 and a 200 day moving average price of $83.52. Grayscale Bitcoin Trust ETF has a 52-week low of $59.79 and a 52-week high of $99.12.

About Grayscale Bitcoin Trust ETF

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.