Laurel Wealth Advisors LLC Has $468,000 Holdings in Grayscale Bitcoin Trust ETF $GBTC

Laurel Wealth Advisors LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 8,383.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,514 shares of the company’s stock after purchasing an additional 5,449 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC grew its position in Grayscale Bitcoin Trust ETF by 2,079.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 25,612 shares of the company’s stock worth $2,173,000 after buying an additional 24,437 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in shares of Grayscale Bitcoin Trust ETF by 37.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 11,163 shares of the company’s stock valued at $947,000 after acquiring an additional 3,067 shares during the period. CreativeOne Wealth LLC grew its holdings in shares of Grayscale Bitcoin Trust ETF by 65.0% during the 2nd quarter. CreativeOne Wealth LLC now owns 11,094 shares of the company’s stock worth $941,000 after purchasing an additional 4,369 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Grayscale Bitcoin Trust ETF in the second quarter worth $5,398,000. Finally, Cynosure Group LLC raised its stake in Grayscale Bitcoin Trust ETF by 2.1% in the second quarter. Cynosure Group LLC now owns 20,079 shares of the company’s stock valued at $1,703,000 after purchasing an additional 414 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Up 0.9%

GBTC opened at $71.01 on Friday. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a twelve month low of $59.79 and a twelve month high of $99.12. The company has a 50-day simple moving average of $83.47 and a 200 day simple moving average of $86.24.

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.