Centaurus Financial Inc. Reduces Position in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Centaurus Financial Inc. trimmed its holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,840 shares of the company’s stock after selling 234 shares during the quarter. Centaurus Financial Inc.’s holdings in Grayscale Bitcoin Trust were worth $790,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in Grayscale Bitcoin Trust in the 2nd quarter worth approximately $1,876,000. EP Wealth Advisors LLC boosted its stake in shares of Grayscale Bitcoin Trust by 25.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 7,936 shares of the company’s stock worth $423,000 after buying an additional 1,625 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Grayscale Bitcoin Trust in the second quarter worth $2,158,000. Sunbelt Securities Inc. increased its position in Grayscale Bitcoin Trust by 8.8% during the second quarter. Sunbelt Securities Inc. now owns 4,322 shares of the company’s stock valued at $230,000 after acquiring an additional 350 shares during the last quarter. Finally, Creative Planning increased its position in Grayscale Bitcoin Trust by 1.3% during the second quarter. Creative Planning now owns 82,857 shares of the company’s stock valued at $4,411,000 after acquiring an additional 1,074 shares during the last quarter.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA:GBTC opened at $49.67 on Friday. The stock’s 50-day simple moving average is $48.27 and its two-hundred day simple moving average is $54.54. The stock has a market capitalization of $25.37 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52-week low of $19.82 and a 52-week high of $65.61.

Grayscale Bitcoin Trust 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.