Cetera Investment Advisers cut its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 19.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 288,336 shares of the company’s stock after selling 69,045 shares during the quarter. Cetera Investment Advisers owned about 0.06% of Grayscale Bitcoin Trust worth $15,351,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. DHJJ Financial Advisors Ltd. purchased a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at approximately $26,000. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Grayscale Bitcoin Trust during the 1st quarter valued at about $27,000. Global Wealth Strategies & Associates purchased a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at about $27,000. YHB Investment Advisors Inc. acquired a new stake in Grayscale Bitcoin Trust during the first quarter worth about $28,000. Finally, Toth Financial Advisory Corp purchased a new position in Grayscale Bitcoin Trust during the first quarter worth about $28,000.
Grayscale Bitcoin Trust Price Performance
Shares of NYSEARCA GBTC opened at $49.67 on Friday. The company has a 50 day simple moving average of $48.27 and a 200-day simple moving average of $54.54. The company has a market capitalization of $25.37 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a 1 year low of $19.82 and a 1 year high of $65.61.
Grayscale Bitcoin Trust Company 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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