J.W. Cole Advisors Inc. Sells 1,145 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

J.W. Cole Advisors Inc. cut its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 12.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,844 shares of the company’s stock after selling 1,145 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Grayscale Bitcoin Trust were worth $418,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vima LLC raised its position in shares of Grayscale Bitcoin Trust by 23.3% in the second quarter. Vima LLC now owns 4,949 shares of the company’s stock worth $263,000 after buying an additional 936 shares in the last quarter. LPL Financial LLC boosted its position in shares of Grayscale Bitcoin Trust by 7.1% during the 2nd quarter. LPL Financial LLC now owns 1,030,932 shares of the company’s stock valued at $54,887,000 after acquiring an additional 68,698 shares during the last quarter. HHM Wealth Advisors LLC boosted its position in shares of Grayscale Bitcoin Trust by 15.4% during the 2nd quarter. HHM Wealth Advisors LLC now owns 3,740 shares of the company’s stock valued at $199,000 after acquiring an additional 500 shares during the last quarter. Blue Square Asset Management LLC grew its holdings in shares of Grayscale Bitcoin Trust by 11.4% during the second quarter. Blue Square Asset Management LLC now owns 92,334 shares of the company’s stock worth $4,916,000 after purchasing an additional 9,430 shares in the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Grayscale Bitcoin Trust by 84.7% in the second quarter. Headlands Technologies LLC now owns 3,599 shares of the company’s stock worth $192,000 after purchasing an additional 1,650 shares during the last quarter.

Grayscale Bitcoin Trust Price Performance

Shares of Grayscale Bitcoin Trust stock opened at $47.76 on Wednesday. Grayscale Bitcoin Trust has a 1 year low of $18.04 and a 1 year high of $65.61. The firm has a market cap of $24.39 billion, a PE ratio of 2.29 and a beta of 1.25. The company has a 50 day simple moving average of $49.97 and a two-hundred day simple moving average of $55.48.

Grayscale Bitcoin Trust 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.