Glass Jacobson Investment Advisors llc reduced its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 25.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,995 shares of the company’s stock after selling 677 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in Grayscale Bitcoin Trust were worth $106,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GBTC. Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Grayscale Bitcoin Trust in the first quarter valued at approximately $27,000. Toth Financial Advisory Corp purchased a new position in Grayscale Bitcoin Trust in the 1st quarter valued at approximately $28,000. YHB Investment Advisors Inc. bought a new stake in Grayscale Bitcoin Trust during the 1st quarter valued at $28,000. Hollencrest Capital Management purchased a new stake in shares of Grayscale Bitcoin Trust during the first quarter worth $28,000. Finally, DHJJ Financial Advisors Ltd. bought a new position in shares of Grayscale Bitcoin Trust in the second quarter worth $26,000.
Grayscale Bitcoin Trust Stock Performance
NYSEARCA:GBTC opened at $50.40 on Friday. The business’s fifty day moving average is $49.90 and its 200 day moving average is $55.40. The firm has a market cap of $25.74 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 52-week low of $18.04 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.
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