Brookstone Capital Management Has $2.77 Million Stock Holdings in Grayscale Bitcoin Trust ETF $GBTC

Brookstone Capital Management lowered its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 66.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,506 shares of the company’s stock after selling 81,037 shares during the quarter. Brookstone Capital Management’s holdings in Grayscale Bitcoin Trust ETF were worth $2,769,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF during the third quarter worth approximately $29,000. Strengthening Families & Communities LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF in the third quarter valued at approximately $33,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the second quarter worth $33,000. Holos Integrated Wealth LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter worth $28,000. Finally, Westfuller Advisors LLC bought a new position in Grayscale Bitcoin Trust ETF during the third quarter worth $38,000.

Grayscale Bitcoin Trust ETF Price Performance

NYSEARCA:GBTC opened at $52.15 on Friday. Grayscale Bitcoin Trust ETF has a one year low of $48.56 and a one year high of $99.12. The company has a fifty day moving average price of $55.66 and a 200 day moving average price of $70.56. The stock has a market cap of $12.56 billion, a P/E ratio of 2.23 and a beta of 2.40.

Grayscale Bitcoin Trust ETF 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.