HBK Sorce Advisory LLC Decreases Stock Position in Grayscale Bitcoin Trust ETF $GBTC

HBK Sorce Advisory LLC reduced its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 1.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 11,261 shares of the company’s stock after selling 172 shares during the period. HBK Sorce Advisory LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $955,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its holdings in shares of Grayscale Bitcoin Trust ETF by 90.9% in the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares in the last quarter. Able Wealth Management LLC increased its position in shares of Grayscale Bitcoin Trust ETF by 100.0% during the first quarter. Able Wealth Management LLC now owns 7,548 shares of the company’s stock worth $492,000 after purchasing an additional 3,774 shares in the last quarter. Capital Investment Advisory Services LLC lifted its stake in Grayscale Bitcoin Trust ETF by 50.9% in the first quarter. Capital Investment Advisory Services LLC now owns 5,411 shares of the company’s stock valued at $353,000 after buying an additional 1,825 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Grayscale Bitcoin Trust ETF by 38.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,263 shares of the company’s stock worth $343,000 after purchasing an additional 1,455 shares during the period. Finally, Cooksen Wealth LLC acquired a new position in Grayscale Bitcoin Trust ETF in the 1st quarter valued at about $176,000.

Grayscale Bitcoin Trust ETF Price Performance

Shares of GBTC stock opened at $83.34 on Friday. Grayscale Bitcoin Trust ETF has a 1-year low of $53.37 and a 1-year high of $99.12. The business’s fifty day moving average price is $89.10 and its 200 day moving average price is $85.97. The firm has a market capitalization of $20.06 billion, a PE ratio of 2.23 and a beta of 2.40.

Grayscale Bitcoin Trust ETF 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.