Blair William & Co. IL Sells 466 Shares of Grayscale Bitcoin Trust ETF $GBTC

Blair William & Co. IL reduced its position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 0.4% in the second quarter, Holdings Channel.com reports. The fund owned 107,600 shares of the company’s stock after selling 466 shares during the quarter. Blair William & Co. IL’s holdings in Grayscale Bitcoin Trust ETF were worth $9,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in Grayscale Bitcoin Trust ETF by 90.9% in the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Hurley Capital LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $34,000. Flaharty Asset Management LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the first quarter valued at approximately $39,000. Cornerstone Planning Group LLC raised its stake in Grayscale Bitcoin Trust ETF by 600.0% in the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock valued at $57,000 after purchasing an additional 750 shares in the last quarter. Finally, Atticus Wealth Management LLC raised its stake in Grayscale Bitcoin Trust ETF by 57.3% in the second quarter. Atticus Wealth Management LLC now owns 1,098 shares of the company’s stock valued at $93,000 after purchasing an additional 400 shares in the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC stock opened at $91.42 on Friday. The company has a market capitalization of $22.01 billion, a PE ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a one year low of $48.86 and a one year high of $99.12. The company’s 50 day moving average price is $90.41 and its two-hundred day moving average price is $83.84.

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.