Sea Otter Advisors LLC Invests $729,000 in Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO)

Sea Otter Advisors LLC bought a new stake in shares of Invesco Galaxy Bitcoin ETF (NYSEARCA:BTCO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,200 shares of the company’s stock, valued at approximately $729,000. Invesco Galaxy Bitcoin ETF makes up 5.2% of Sea Otter Advisors LLC’s portfolio, making the stock its 6th biggest position. Sea Otter Advisors LLC owned about 0.17% of Invesco Galaxy Bitcoin ETF as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in Invesco Galaxy Bitcoin ETF in the second quarter valued at approximately $64,000. Financial Security Advisor Inc. acquired a new position in Invesco Galaxy Bitcoin ETF in the 1st quarter worth $207,000. Gilbert & Cook Inc. purchased a new position in Invesco Galaxy Bitcoin ETF in the 1st quarter valued at about $283,000. Brookstone Capital Management acquired a new stake in shares of Invesco Galaxy Bitcoin ETF during the first quarter valued at about $331,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Invesco Galaxy Bitcoin ETF during the second quarter valued at about $935,000.

Invesco Galaxy Bitcoin ETF Stock Performance

Shares of NYSEARCA:BTCO opened at $64.70 on Friday. Invesco Galaxy Bitcoin ETF has a 12-month low of $38.56 and a 12-month high of $73.61. The company has a fifty day simple moving average of $60.89 and a 200 day simple moving average of $63.80.

About Invesco Galaxy Bitcoin ETF

The Invesco Galaxy Bitcoin ETF (BTCO) is an exchange-traded fund that mostly invests in long btc, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Bitcoin. BTCO was launched on Jan 11, 2024 and is issued by Invesco.