WealthCare Asset Management LLC lowered its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 29.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,296 shares of the company’s stock after selling 28,126 shares during the period. Grayscale Bitcoin Trust ETF accounts for about 3.7% of WealthCare Asset Management LLC’s holdings, making the stock its 7th largest holding. WealthCare Asset Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $4,347,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in Grayscale Bitcoin Trust ETF during the 3rd quarter valued at $31,000. Hollencrest Capital Management raised its stake in shares of Grayscale Bitcoin Trust ETF by 480.8% in the first quarter. Hollencrest Capital Management now owns 726 shares of the company’s stock worth $38,000 after purchasing an additional 601 shares during the last quarter. CX Institutional purchased a new position in shares of Grayscale Bitcoin Trust ETF in the third quarter worth $105,000. Compass Financial Management LLC purchased a new position in shares of Grayscale Bitcoin Trust ETF in the second quarter worth $114,000. Finally, Smallwood Wealth Investment Management LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 284.6% during the second quarter. Smallwood Wealth Investment Management LLC now owns 3,854 shares of the company’s stock valued at $175,000 after purchasing an additional 2,852 shares in the last quarter.
Grayscale Bitcoin Trust ETF Price Performance
Shares of NYSEARCA:GBTC opened at $61.63 on Tuesday. Grayscale Bitcoin Trust ETF has a 1 year low of $44.98 and a 1 year high of $91.01. The company has a market cap of $11.95 billion, a P/E ratio of 2.23 and a beta of 2.19. The stock’s fifty day moving average price is $61.61 and its 200-day moving average price is $57.19.
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.
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