Forvis Mazars Wealth Advisors LLC Sells 176 Shares of Grayscale Bitcoin Trust ETF $GBTC

Forvis Mazars Wealth Advisors LLC lowered its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,679 shares of the company’s stock after selling 176 shares during the quarter. Forvis Mazars Wealth Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in GBTC. First Horizon Advisors Inc. boosted its position in Grayscale Bitcoin Trust ETF by 90.9% during the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Hurley Capital LLC bought a new stake in Grayscale Bitcoin Trust ETF during the first quarter valued at about $34,000. Flaharty Asset Management LLC bought a new stake in Grayscale Bitcoin Trust ETF during the first quarter valued at about $39,000. Cornerstone Planning Group LLC boosted its holdings in Grayscale Bitcoin Trust ETF by 600.0% in the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after acquiring an additional 750 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in Grayscale Bitcoin Trust ETF by 227.0% in the first quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock worth $74,000 after acquiring an additional 783 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of NYSEARCA GBTC opened at $83.46 on Monday. The company has a market cap of $20.09 billion, a PE ratio of 2.23 and a beta of 2.47. The business has a 50-day simple moving average of $90.01 and a two-hundred day simple moving average of $84.66. Grayscale Bitcoin Trust ETF has a fifty-two week low of $51.83 and a fifty-two 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.