Atria Wealth Solutions Inc. Cuts Stock Position in Grayscale Bitcoin Trust ETF $GBTC

Atria Wealth Solutions Inc. lessened its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 83.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 4,713 shares of the company’s stock after selling 23,268 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GBTC. First Horizon Advisors Inc. increased its holdings in Grayscale Bitcoin Trust ETF by 90.9% in the 1st quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares in the last quarter. Hurley Capital LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the 1st quarter worth $34,000. Flaharty Asset Management LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the 1st quarter worth $39,000. Cornerstone Planning Group LLC increased its holdings in Grayscale Bitcoin Trust ETF by 600.0% in the 1st 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 increased its holdings in Grayscale Bitcoin Trust ETF by 227.0% in the 1st 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 $86.89 on Tuesday. The firm has a market cap of $20.92 billion, a PE ratio of 2.23 and a beta of 2.47. The firm has a fifty day moving average of $89.88 and a 200 day moving average of $84.80. Grayscale Bitcoin Trust ETF has a one year low of $51.83 and a one year high of $99.12.

Grayscale Bitcoin Trust ETF Company 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.