Transcend Capital Advisors LLC Sells 1,162 Shares of Grayscale Bitcoin Trust ETF $GBTC

Transcend Capital Advisors LLC reduced its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 9.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,002 shares of the company’s stock after selling 1,162 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BCS Wealth Management raised its holdings in shares of Grayscale Bitcoin Trust ETF by 1.2% in the second quarter. BCS Wealth Management now owns 9,151 shares of the company’s stock valued at $776,000 after acquiring an additional 110 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in Grayscale Bitcoin Trust ETF by 1.5% in the second quarter. Axxcess Wealth Management LLC now owns 7,871 shares of the company’s stock worth $668,000 after purchasing an additional 118 shares in the last quarter. Sentry LLC raised its holdings in Grayscale Bitcoin Trust ETF by 3.6% in the second quarter. Sentry LLC now owns 3,657 shares of the company’s stock worth $310,000 after purchasing an additional 126 shares in the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in Grayscale Bitcoin Trust ETF by 3.5% in the second quarter. Robertson Stephens Wealth Management LLC now owns 4,393 shares of the company’s stock worth $373,000 after purchasing an additional 150 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in Grayscale Bitcoin Trust ETF by 1.2% in the second quarter. Belpointe Asset Management LLC now owns 13,446 shares of the company’s stock worth $1,141,000 after purchasing an additional 155 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of Grayscale Bitcoin Trust ETF stock opened at $89.02 on Wednesday. The company has a market capitalization of $21.43 billion, a PE ratio of 2.23 and a beta of 2.40. The company has a 50-day simple moving average of $89.25 and a two-hundred day simple moving average of $85.84. Grayscale Bitcoin Trust ETF has a one year low of $53.37 and a one year high of $99.12.

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.