Sequoia Financial Advisors LLC Sells 30,963 Shares of Grayscale Bitcoin Trust ETF $GBTC

Sequoia Financial Advisors LLC trimmed its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 24.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,213 shares of the company’s stock after selling 30,963 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $4,380,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in Grayscale Bitcoin Trust ETF in the 1st quarter valued at $218,000. Northwestern Mutual Wealth Management Co. raised its holdings in Grayscale Bitcoin Trust ETF by 63.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,156 shares of the company’s stock worth $183,000 after buying an additional 838 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Grayscale Bitcoin Trust ETF by 431.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,010 shares of the company’s stock worth $86,000 after buying an additional 820 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Grayscale Bitcoin Trust ETF by 7.6% in the second quarter. NewEdge Advisors LLC now owns 53,577 shares of the company’s stock valued at $4,545,000 after buying an additional 3,795 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Grayscale Bitcoin Trust ETF by 400.6% in the second quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock valued at $9,612,000 after buying an additional 90,675 shares in the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

Shares of NYSEARCA GBTC opened at $59.77 on Friday. The stock has a market capitalization of $11.59 billion, a P/E ratio of 2.23 and a beta of 2.19. The company has a 50-day moving average price of $53.41 and a 200-day moving average price of $54.30. Grayscale Bitcoin Trust ETF has a 1 year low of $44.98 and a 1 year high of $99.12.

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.