Johnson & White Wealth Management LLC Trims Position in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

Johnson & White Wealth Management LLC cut its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 8.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,496 shares of the company’s stock after selling 536 shares during the quarter. Johnson & White Wealth Management LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. HBW Advisory Services LLC increased its holdings in shares of Grayscale Bitcoin Trust ETF by 9.5% during the 1st quarter. HBW Advisory Services LLC now owns 5,685 shares of the company’s stock valued at $370,000 after purchasing an additional 492 shares in the last quarter. NBC Securities Inc. increased its holdings in shares of Grayscale Bitcoin Trust ETF by 98,400.0% during the 1st quarter. NBC Securities Inc. now owns 36,445 shares of the company’s stock valued at $2,375,000 after purchasing an additional 36,408 shares in the last quarter. Fiduciary Alliance LLC increased its holdings in shares of Grayscale Bitcoin Trust ETF by 7.3% during the 1st quarter. Fiduciary Alliance LLC now owns 111,303 shares of the company’s stock valued at $7,254,000 after purchasing an additional 7,532 shares in the last quarter. Parallel Advisors LLC grew its stake in Grayscale Bitcoin Trust ETF by 10.2% in the 1st quarter. Parallel Advisors LLC now owns 5,701 shares of the company’s stock valued at $372,000 after acquiring an additional 528 shares during the period. Finally, Milestone Asset Management Group LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the 4th quarter valued at $1,444,000.

Grayscale Bitcoin Trust ETF Stock Performance

Grayscale Bitcoin Trust ETF stock opened at $82.72 on Thursday. Grayscale Bitcoin Trust ETF has a 1 year low of $39.56 and a 1 year high of $88.36. The company’s fifty day moving average price is $74.86 and its 200 day moving average price is $75.04. The stock has a market capitalization of $19.70 billion, a P/E ratio of 2.23 and a beta of 2.51.

About Grayscale Bitcoin Trust ETF

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.