Ieq Capital LLC trimmed its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 82.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,835 shares of the company’s stock after selling 96,271 shares during the quarter. Ieq Capital LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $948,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the fourth quarter valued at approximately $27,000. Cary Street Partners Investment Advisory LLC purchased a new position in Grayscale Bitcoin Trust ETF in the 4th quarter worth approximately $30,000. Hollencrest Capital Management lifted its position in Grayscale Bitcoin Trust ETF by 480.8% in the 1st quarter. Hollencrest Capital Management now owns 726 shares of the company’s stock valued at $38,000 after acquiring an additional 601 shares in the last quarter. RHL Group LLC bought a new position in Grayscale Bitcoin Trust ETF in the 4th quarter valued at approximately $43,000. Finally, Quattro Advisors LLC purchased a new stake in Grayscale Bitcoin Trust ETF during the 4th quarter valued at $52,000.
Grayscale Bitcoin Trust ETF Trading Up 1.9%
Grayscale Bitcoin Trust ETF stock opened at $61.86 on Friday. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 2.23 and a beta of 2.17. The stock has a fifty day simple moving average of $50.45 and a two-hundred day simple moving average of $53.71. Grayscale Bitcoin Trust ETF has a 12 month low of $44.98 and a 12 month 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.
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