Brookstone Capital Management Sells 1,985 Shares of Grayscale Bitcoin Trust ETF $GBTC

Brookstone Capital Management cut its position in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,216 shares of the company’s stock after selling 1,985 shares during the quarter. Brookstone Capital Management’s holdings in Grayscale Bitcoin Trust ETF were worth $10,537,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of GBTC. First Horizon Advisors Inc. raised its stake in Grayscale Bitcoin Trust ETF by 90.9% during the first quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after buying an additional 200 shares during the last quarter. Hurley Capital LLC bought a new position in Grayscale Bitcoin Trust ETF during the first quarter worth $34,000. Flaharty Asset Management LLC bought a new position in Grayscale Bitcoin Trust ETF during the first quarter worth $39,000. Cornerstone Planning Group LLC raised its stake in Grayscale Bitcoin Trust ETF by 600.0% during the first quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after buying an additional 750 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in Grayscale Bitcoin Trust ETF by 227.0% during the first quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock worth $74,000 after buying an additional 783 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Down 3.6%

Shares of NYSEARCA GBTC opened at $84.50 on Thursday. Grayscale Bitcoin Trust ETF has a twelve month low of $51.83 and a twelve month high of $99.12. The firm has a fifty day simple moving average of $89.51 and a 200 day simple moving average of $84.82. The company has a market capitalization of $20.34 billion, a PE ratio of 2.23 and a beta of 2.47.

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.