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

Brookstone Capital Management trimmed its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 66.7% during the 4th quarter, HoldingsChannel reports. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GBTC. Embree Financial Group lifted its position in shares of Grayscale Bitcoin Trust ETF by 9.0% in the 4th quarter. Embree Financial Group now owns 12,687 shares of the company’s stock worth $867,000 after acquiring an additional 1,050 shares during the period. Elevatus Welath Management grew its holdings in shares of Grayscale Bitcoin Trust ETF by 27.6% during the 4th quarter. Elevatus Welath Management now owns 3,700 shares of the company’s stock worth $253,000 after purchasing an additional 800 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Grayscale Bitcoin Trust ETF by 160.9% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Traynor Capital Management Inc. increased its position in shares of Grayscale Bitcoin Trust ETF by 13.7% during the fourth quarter. Traynor Capital Management Inc. now owns 9,817 shares of the company’s stock valued at $671,000 after purchasing an additional 1,185 shares during the period. Finally, PUREfi Wealth LLC raised its stake in shares of Grayscale Bitcoin Trust ETF by 15.1% in the fourth quarter. PUREfi Wealth LLC now owns 3,044 shares of the company’s stock valued at $208,000 after purchasing an additional 400 shares in the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

Shares of GBTC stock 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 stock 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.

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.