Park Avenue Securities LLC Has $499,000 Position in Grayscale Bitcoin Trust ETF $GBTC

Park Avenue Securities LLC lowered its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 27.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,878 shares of the company’s stock after selling 2,177 shares during the quarter. Park Avenue Securities LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $499,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in Grayscale Bitcoin Trust ETF by 90.9% in the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after purchasing an additional 200 shares in the last quarter. Hurley Capital LLC acquired a new position in Grayscale Bitcoin Trust ETF in the first quarter worth $34,000. Flaharty Asset Management LLC acquired a new position in Grayscale Bitcoin Trust ETF in the first quarter worth $39,000. Cornerstone Planning Group LLC boosted its stake in 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 purchasing an additional 750 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Grayscale Bitcoin Trust ETF by 227.0% during the first quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock valued at $74,000 after acquiring an additional 783 shares during the period.

Grayscale Bitcoin Trust ETF Stock Up 4.8%

Shares of GBTC opened at $89.73 on Tuesday. Grayscale Bitcoin Trust ETF has a 12-month low of $46.83 and a 12-month high of $96.62. The firm has a market capitalization of $21.60 billion, a PE ratio of 2.23 and a beta of 2.47. The stock’s fifty day simple moving average is $90.01 and its 200-day simple moving average is $82.26.

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.