B. Riley Wealth Advisors Inc. Purchases New Shares in Grayscale Bitcoin Trust ETF $GBTC

B. Riley Wealth Advisors Inc. acquired a new position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 32,763 shares of the company’s stock, valued at approximately $2,779,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tactive Advisors LLC purchased a new stake in shares of Grayscale Bitcoin Trust ETF during the second quarter worth about $226,000. Hollencrest Capital Management boosted its holdings in Grayscale Bitcoin Trust ETF by 41.4% in the second quarter. Hollencrest Capital Management now owns 1,025 shares of the company’s stock valued at $87,000 after purchasing an additional 300 shares during the last quarter. Evergreen Capital Management LLC grew its stake in Grayscale Bitcoin Trust ETF by 30.4% during the 2nd quarter. Evergreen Capital Management LLC now owns 10,725 shares of the company’s stock valued at $910,000 after purchasing an additional 2,500 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Grayscale Bitcoin Trust ETF by 203.6% during the 2nd quarter. Corient Private Wealth LLC now owns 49,653 shares of the company’s stock worth $4,212,000 after purchasing an additional 33,299 shares during the last quarter. Finally, Redwood Investment Management LLC acquired a new position in shares of Grayscale Bitcoin Trust ETF in the 2nd quarter valued at approximately $218,000.

Grayscale Bitcoin Trust ETF Trading Down 1.7%

Grayscale Bitcoin Trust ETF stock opened at $70.58 on Monday. Grayscale Bitcoin Trust ETF has a 52 week low of $59.79 and a 52 week high of $99.12. The stock has a market cap of $16.99 billion, a P/E ratio of 2.23 and a beta of 2.40. The stock has a 50 day moving average of $79.72 and a 200-day moving average of $85.34.

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.