Ameritas Advisory Services LLC Has $753,000 Stock Position in Grayscale Bitcoin Trust ETF $GBTC

Ameritas Advisory Services LLC lowered its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 55.7% in the second quarter, Holdings Channel reports. The institutional investor owned 8,874 shares of the company’s stock after selling 11,166 shares during the period. Ameritas Advisory Services LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $753,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 90.9% during the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after buying an additional 200 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter worth $34,000. Flaharty Asset Management LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF during the first quarter worth $39,000. Cornerstone Planning Group LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 600.0% during the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after buying an additional 750 shares in the last quarter. Finally, Atticus Wealth Management LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 57.3% during the second quarter. Atticus Wealth Management LLC now owns 1,098 shares of the company’s stock worth $93,000 after buying an additional 400 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of NYSEARCA GBTC opened at $96.36 on Monday. Grayscale Bitcoin Trust ETF has a 52 week low of $46.83 and a 52 week high of $97.34. The stock has a market capitalization of $23.20 billion, a P/E ratio of 2.23 and a beta of 2.47. The stock’s fifty day moving average is $90.02 and its 200 day moving average is $83.01.

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.