Mcrae Capital Management Inc. Takes $251,000 Position in Grayscale Bitcoin Mini Trust (NYSEARCA:BTC)

Mcrae Capital Management Inc. bought a new position in shares of Grayscale Bitcoin Mini Trust (NYSEARCA:BTC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 44,590 shares of the company’s stock, valued at approximately $251,000. Mcrae Capital Management Inc. owned approximately 13.72% of Grayscale Bitcoin Mini Trust at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sloy Dahl & Holst LLC purchased a new stake in Grayscale Bitcoin Mini Trust in the 3rd quarter worth $16,406,000. Mad River Investors bought a new stake in shares of Grayscale Bitcoin Mini Trust in the third quarter worth about $2,198,000. Lake Street Advisors Group LLC purchased a new stake in shares of Grayscale Bitcoin Mini Trust in the third quarter worth about $1,365,000. Pettinga Financial Advisors LLC bought a new position in Grayscale Bitcoin Mini Trust during the third quarter valued at approximately $1,095,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Grayscale Bitcoin Mini Trust during the 3rd quarter valued at approximately $1,017,000.

Grayscale Bitcoin Mini Trust Stock Down 2.3 %

NYSEARCA:BTC opened at $5.92 on Friday. Grayscale Bitcoin Mini Trust has a 1 year low of $4.40 and a 1 year high of $6.13. The stock’s 50 day simple moving average is $5.49 and its two-hundred day simple moving average is $53.72.