Ieq Capital LLC Reduces Stock Position in Grayscale Bitcoin Trust ETF $GBTC

Ieq Capital LLC lowered its stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 82.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,835 shares of the company’s stock after selling 96,271 shares during the quarter. Ieq Capital LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $948,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in shares of Grayscale Bitcoin Trust ETF by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 2,386 shares of the company’s stock worth $202,000 after buying an additional 125 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in Grayscale Bitcoin Trust ETF by 2.1% during the second quarter. Great Valley Advisor Group Inc. now owns 5,942 shares of the company’s stock valued at $504,000 after acquiring an additional 125 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in Grayscale Bitcoin Trust ETF by 1.5% in the second quarter. EP Wealth Advisors LLC now owns 8,952 shares of the company’s stock valued at $759,000 after acquiring an additional 130 shares during the period. Citizens Financial Group Inc. RI lifted its holdings in Grayscale Bitcoin Trust ETF by 1.3% in the first quarter. Citizens Financial Group Inc. RI now owns 13,727 shares of the company’s stock valued at $724,000 after acquiring an additional 180 shares during the period. Finally, North Star Investment Management Corp. boosted its position in Grayscale Bitcoin Trust ETF by 5.4% in the first quarter. North Star Investment Management Corp. now owns 3,789 shares of the company’s stock worth $200,000 after purchasing an additional 195 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Up 1.9%

Shares of NYSEARCA:GBTC opened at $61.86 on Friday. The firm’s 50 day moving average price is $50.45 and its 200-day moving average price is $53.71. Grayscale Bitcoin Trust ETF has a twelve month low of $44.98 and a twelve month high of $99.12. The stock has a market capitalization of $12.00 billion, a PE ratio of 2.23 and a beta of 2.17.

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.