Cetera Investment Advisers Has $9.21 Million Stake in Grayscale Bitcoin Trust ETF $GBTC

Cetera Investment Advisers trimmed its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 5.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,477 shares of the company’s stock after selling 10,499 shares during the period. Cetera Investment Advisers owned about 0.07% of Grayscale Bitcoin Trust ETF worth $9,205,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of GBTC. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the 1st quarter valued at $218,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Grayscale Bitcoin Trust ETF by 63.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,156 shares of the company’s stock worth $183,000 after purchasing an additional 838 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Grayscale Bitcoin Trust ETF by 431.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,010 shares of the company’s stock worth $86,000 after purchasing an additional 820 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Grayscale Bitcoin Trust ETF by 7.6% during the 2nd quarter. NewEdge Advisors LLC now owns 53,577 shares of the company’s stock worth $4,545,000 after purchasing an additional 3,795 shares in the last quarter. Finally, Ieq Capital LLC lifted its holdings in Grayscale Bitcoin Trust ETF by 400.6% during the 2nd quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock valued at $9,612,000 after purchasing an additional 90,675 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Down 2.9%

NYSEARCA:GBTC opened at $48.73 on Friday. The firm has a market cap of $9.45 billion, a PE ratio of 2.23 and a beta of 2.19. Grayscale Bitcoin Trust ETF has a 12 month low of $44.98 and a 12 month high of $99.12. The company’s 50-day moving average price is $50.08 and its two-hundred day moving average price is $55.69.

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.