Bogart Wealth LLC Raises Position in Grayscale Bitcoin Trust ETF $GBTC

Bogart Wealth LLC raised its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 8.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,970 shares of the company’s stock after buying an additional 221 shares during the period. Bogart Wealth LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GBTC. Chicago Partners Investment Group LLC boosted its stake in shares of Grayscale Bitcoin Trust ETF by 8.5% in the second quarter. Chicago Partners Investment Group LLC now owns 11,865 shares of the company’s stock worth $1,105,000 after acquiring an additional 931 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Grayscale Bitcoin Trust ETF by 3.4% in the 2nd quarter. International Assets Investment Management LLC now owns 5,220 shares of the company’s stock valued at $443,000 after purchasing an additional 170 shares in the last quarter. Angeles Wealth Management LLC acquired a new stake in Grayscale Bitcoin Trust ETF during the 2nd quarter worth $1,582,000. Ritholtz Wealth Management grew its holdings in shares of Grayscale Bitcoin Trust ETF by 14.3% during the second quarter. Ritholtz Wealth Management now owns 12,792 shares of the company’s stock worth $1,085,000 after buying an additional 1,599 shares in the last quarter. Finally, Triton Wealth Management PLLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the second quarter valued at about $346,000.

Grayscale Bitcoin Trust ETF Trading Up 4.1%

NYSEARCA:GBTC opened at $86.89 on Tuesday. The company has a market cap of $20.92 billion, a P/E ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a twelve month low of $51.83 and a twelve month high of $99.12. The company’s 50-day moving average price is $89.88 and its 200-day moving average price is $84.80.

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.