Carnegie Investment Counsel Raises Stake in Grayscale Bitcoin Trust ETF $GBTC

Carnegie Investment Counsel increased its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 1.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 33,033 shares of the company’s stock after buying an additional 555 shares during the quarter. Carnegie Investment Counsel’s holdings in Grayscale Bitcoin Trust ETF were worth $2,802,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GBTC. BCS Wealth Management grew its holdings in shares of Grayscale Bitcoin Trust ETF by 1.2% in the second quarter. BCS Wealth Management now owns 9,151 shares of the company’s stock worth $776,000 after purchasing an additional 110 shares during the last quarter. Axxcess Wealth Management LLC raised its position in Grayscale Bitcoin Trust ETF by 1.5% in the 2nd quarter. Axxcess Wealth Management LLC now owns 7,871 shares of the company’s stock worth $668,000 after buying an additional 118 shares during the last quarter. Sentry LLC raised its position in Grayscale Bitcoin Trust ETF by 3.6% in the 2nd quarter. Sentry LLC now owns 3,657 shares of the company’s stock worth $310,000 after buying an additional 126 shares during the last quarter. Robertson Stephens Wealth Management LLC increased its position in shares of Grayscale Bitcoin Trust ETF by 3.5% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 4,393 shares of the company’s stock valued at $373,000 after purchasing an additional 150 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its stake in shares of Grayscale Bitcoin Trust ETF by 1.2% during the 2nd quarter. Belpointe Asset Management LLC now owns 13,446 shares of the company’s stock valued at $1,141,000 after acquiring an additional 155 shares during the period.

Grayscale Bitcoin Trust ETF Price Performance

GBTC stock opened at $86.69 on Friday. The business has a 50 day simple moving average of $89.28 and a two-hundred day simple moving average of $85.17. Grayscale Bitcoin Trust ETF has a 1-year low of $52.37 and a 1-year high of $99.12. The company has a market capitalization of $20.87 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47.

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.