Foundations Investment Advisors LLC Sells 19,314 Shares of Grayscale Bitcoin Trust ETF $GBTC

Foundations Investment Advisors LLC decreased its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 13.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 125,142 shares of the company’s stock after selling 19,314 shares during the period. Foundations Investment Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $10,616,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Advyzon Investment Management LLC purchased a new stake in Grayscale Bitcoin Trust ETF in the second quarter worth $1,091,000. Northwestern Mutual Wealth Management Co. increased its holdings in Grayscale Bitcoin Trust ETF by 34.9% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,318 shares of the company’s stock worth $86,000 after acquiring an additional 341 shares during the last quarter. Bessemer Group Inc. bought a new stake in Grayscale Bitcoin Trust ETF in the 2nd quarter valued at about $356,000. Integrity Alliance LLC. purchased a new stake in Grayscale Bitcoin Trust ETF during the first quarter valued at about $216,000. Finally, Colonial Trust Advisors lifted its holdings in Grayscale Bitcoin Trust ETF by 24.8% during the first quarter. Colonial Trust Advisors now owns 1,760 shares of the company’s stock valued at $115,000 after purchasing an additional 350 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Down 3.8%

GBTC opened at $73.78 on Friday. The firm has a 50-day moving average price of $87.54 and a 200-day moving average price of $86.81. Grayscale Bitcoin Trust ETF has a twelve month low of $59.79 and a twelve month high of $99.12. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40.

Grayscale Bitcoin Trust ETF 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.