Grayscale Bitcoin Trust ETF $GBTC is Greenwich Wealth Management LLC’s 6th Largest Position

Greenwich Wealth Management LLC lowered its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 637,137 shares of the company’s stock after selling 3,783 shares during the quarter. Grayscale Bitcoin Trust ETF makes up about 2.4% of Greenwich Wealth Management LLC’s holdings, making the stock its 6th largest holding. Greenwich Wealth Management LLC owned 0.26% of Grayscale Bitcoin Trust ETF worth $50,106,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advyzon Investment Management LLC purchased a new position in Grayscale Bitcoin Trust ETF during the second quarter worth approximately $1,091,000. Northwestern Mutual Wealth Management Co. grew its holdings in Grayscale Bitcoin Trust ETF by 34.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the company’s stock valued at $86,000 after buying an additional 341 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the 2nd quarter worth $356,000. Integrity Alliance LLC. purchased a new position in shares of Grayscale Bitcoin Trust ETF during the 1st quarter worth $216,000. Finally, Colonial Trust Advisors raised its holdings in shares of Grayscale Bitcoin Trust ETF by 24.8% during the 1st quarter. Colonial Trust Advisors now owns 1,760 shares of the company’s stock worth $115,000 after acquiring an additional 350 shares during the period.

Grayscale Bitcoin Trust ETF Trading Up 0.9%

Shares of GBTC stock opened at $71.01 on Friday. Grayscale Bitcoin Trust ETF has a twelve month low of $59.79 and a twelve month high of $99.12. The company’s 50-day moving average price is $83.47 and its 200-day moving average price is $86.26. The stock has a market cap of $17.10 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40.

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.