Park Avenue Securities LLC reduced its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC – Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,055 shares of the company’s stock after selling 323 shares during the period. Park Avenue Securities LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $525,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the stock. Synergy Investment Management LLC bought a new position in shares of Grayscale Bitcoin Trust ETF during the 4th quarter valued at $30,000. Pacific Center for Financial Services bought a new position in Grayscale Bitcoin Trust ETF during the fourth quarter valued at about $31,000. Measured Risk Portfolios Inc. acquired a new stake in shares of Grayscale Bitcoin Trust ETF in the fourth quarter worth about $32,000. Capital A Wealth Management LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF during the 4th quarter worth about $35,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Grayscale Bitcoin Trust ETF during the 4th quarter valued at about $36,000.
Grayscale Bitcoin Trust ETF Stock Down 1.6%
Shares of GBTC stock opened at $82.83 on Friday. Grayscale Bitcoin Trust ETF has a 12 month low of $39.56 and a 12 month high of $88.36. The company has a market cap of $19.73 billion, a PE ratio of 2.23 and a beta of 2.51. The business’s 50 day moving average is $77.52 and its two-hundred day moving average is $75.45.
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.
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