Guild Investment Management Inc. Sells 190 Shares of Grayscale Bitcoin Trust ETF $GBTC

Guild Investment Management Inc. lessened its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 0.3% during the 2nd quarter, Holdings Channel reports. The firm owned 67,300 shares of the company’s stock after selling 190 shares during the quarter. Grayscale Bitcoin Trust ETF makes up about 5.0% of Guild Investment Management Inc.’s investment portfolio, making the stock its 5th biggest position. Guild Investment Management Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $5,709,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its position in Grayscale Bitcoin Trust ETF by 34.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the company’s stock worth $86,000 after buying an additional 341 shares in the last quarter. Integrity Alliance LLC. acquired a new position in Grayscale Bitcoin Trust ETF during the 1st quarter worth about $216,000. Bank of America Corp DE lifted its position in Grayscale Bitcoin Trust ETF by 1,700.8% during the 4th quarter. Bank of America Corp DE now owns 2,161 shares of the company’s stock worth $160,000 after buying an additional 2,041 shares in the last quarter. Colonial Trust Advisors lifted its position in 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 buying an additional 350 shares in the last quarter. Finally, Oxinas Partners Wealth Management LLC acquired a new position in Grayscale Bitcoin Trust ETF during the 2nd quarter worth about $225,000.

Grayscale Bitcoin Trust ETF Stock Down 3.1%

Shares of NYSEARCA GBTC opened at $95.37 on Wednesday. The firm’s 50-day simple moving average is $90.19 and its 200 day simple moving average is $83.31. The company has a market cap of $22.96 billion, a price-to-earnings ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a 12-month low of $46.83 and a 12-month high of $99.12.

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.