AE Wealth Management LLC Decreases Stock Position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

AE Wealth Management LLC trimmed its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 23.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,444 shares of the company’s stock after selling 4,840 shares during the quarter. AE Wealth Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $1,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of GBTC. Roundview Capital LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF in the 1st quarter worth about $261,000. Montag A & Associates Inc. boosted its position in shares of Grayscale Bitcoin Trust ETF by 3.5% during the first quarter. Montag A & Associates Inc. now owns 14,983 shares of the company’s stock valued at $976,000 after buying an additional 501 shares during the period. Csenge Advisory Group grew its stake in shares of Grayscale Bitcoin Trust ETF by 32.8% during the first quarter. Csenge Advisory Group now owns 7,790 shares of the company’s stock valued at $523,000 after buying an additional 1,922 shares during the last quarter. Acas LLC grew its stake in shares of Grayscale Bitcoin Trust ETF by 26.6% during the first quarter. Acas LLC now owns 10,021 shares of the company’s stock valued at $653,000 after buying an additional 2,106 shares during the last quarter. Finally, Theory Financial LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF in the first quarter worth approximately $398,000.

Grayscale Bitcoin Trust ETF Stock Performance

Shares of GBTC stock opened at $91.87 on Monday. The stock has a 50 day moving average price of $86.30 and a 200 day moving average price of $77.55. Grayscale Bitcoin Trust ETF has a 52-week low of $39.56 and a 52-week high of $96.16. The firm has a market capitalization of $21.41 billion, a P/E ratio of 2.23 and a beta of 2.47.

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.