Copia Wealth Management Decreases Holdings in Grayscale Bitcoin Trust ETF $GBTC

Copia Wealth Management trimmed its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 1.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,689 shares of the company’s stock after selling 159 shares during the period. Grayscale Bitcoin Trust ETF accounts for 1.1% of Copia Wealth Management’s holdings, making the stock its 24th biggest position. Copia Wealth Management’s holdings in Grayscale Bitcoin Trust ETF were worth $1,331,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. lifted its holdings in Grayscale Bitcoin Trust ETF by 90.9% during 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 position in Grayscale Bitcoin Trust ETF during the first quarter valued at $34,000. Flaharty Asset Management LLC purchased a new position in Grayscale Bitcoin Trust ETF during the first quarter valued at $39,000. Cornerstone Planning Group LLC lifted its stake in shares of Grayscale Bitcoin Trust ETF by 600.0% in the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after buying an additional 750 shares in the last quarter. Finally, Atticus Wealth Management LLC lifted its stake in shares of 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 worth $93,000 after buying an additional 400 shares in the last quarter.

Grayscale Bitcoin Trust ETF Trading Down 2.8%

NYSEARCA:GBTC opened at $88.29 on Wednesday. The company’s 50-day moving average price is $90.40 and its 200-day moving average price is $84.14. The company has a market cap of $21.26 billion, a P/E ratio of 2.23 and a beta of 2.47. Grayscale Bitcoin Trust ETF has a twelve month low of $51.58 and a twelve month high of $99.12.

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.