HighTower Advisors LLC decreased its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 1.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 602,864 shares of the company’s stock after selling 11,209 shares during the quarter. HighTower Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $27,442,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 30.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 18,227 shares of the company’s stock worth $830,000 after buying an additional 4,302 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF during the 2nd quarter worth approximately $114,000. Concurrent Investment Advisors LLC raised its stake in shares of Grayscale Bitcoin Trust ETF by 8.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,820 shares of the company’s stock worth $584,000 after purchasing an additional 1,001 shares in the last quarter. Smallwood Wealth Investment Management LLC boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 284.6% in the 2nd quarter. Smallwood Wealth Investment Management LLC now owns 3,854 shares of the company’s stock valued at $175,000 after buying an additional 2,852 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the 2nd quarter valued at approximately $220,000.
Grayscale Bitcoin Trust ETF Trading Down 1.7%
NYSEARCA:GBTC opened at $60.65 on Wednesday. Grayscale Bitcoin Trust ETF has a 1-year low of $44.98 and a 1-year high of $99.12. The firm has a fifty day simple moving average of $52.65 and a 200 day simple moving average of $54.15. The stock has a market capitalization of $11.76 billion, a PE ratio of 2.23 and a beta of 2.19.
Grayscale Bitcoin Trust ETF 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.
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Want to see what other hedge funds are holding GBTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report).
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