615,989 Grayscale Bitcoin Trust ETF $GBTC Shares Sold by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC trimmed its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 97.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,004 shares of the company’s stock after selling 615,989 shares during the period. Greenwich Wealth Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its stake in Grayscale Bitcoin Trust ETF by 3.6% in the first quarter. Lido Advisors LLC now owns 165,469 shares of the company’s stock valued at $8,730,000 after acquiring an additional 5,674 shares during the last quarter. Fiduciary Alliance LLC increased its stake in shares of Grayscale Bitcoin Trust ETF by 8.8% during the 1st quarter. Fiduciary Alliance LLC now owns 146,098 shares of the company’s stock worth $8,528,000 after purchasing an additional 11,845 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 6.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 127,176 shares of the company’s stock valued at $6,710,000 after purchasing an additional 8,231 shares during the period. Kestra Advisory Services LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF by 5.1% in the 1st quarter. Kestra Advisory Services LLC now owns 105,842 shares of the company’s stock valued at $5,584,000 after purchasing an additional 5,105 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its stake in Grayscale Bitcoin Trust ETF by 178.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 64,222 shares of the company’s stock valued at $4,390,000 after purchasing an additional 41,120 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

Grayscale Bitcoin Trust ETF stock traded down $0.27 during midday trading on Tuesday, reaching $64.13. 703,222 shares of the company’s stock were exchanged, compared to its average volume of 2,919,256. The stock’s 50-day simple moving average is $56.41 and its 200 day simple moving average is $55.07. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 2.23 and a beta of 2.19. Grayscale Bitcoin Trust ETF has a 52 week low of $44.98 and a 52 week high of $99.12.

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.