Steward Partners Investment Advisory LLC Acquires 24,437 Shares of Grayscale Bitcoin Trust ETF $GBTC

Steward Partners Investment Advisory LLC raised its holdings in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 2,079.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,612 shares of the company’s stock after buying an additional 24,437 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $2,173,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Arkadios Wealth Advisors boosted its holdings in Grayscale Bitcoin Trust ETF by 57.9% during the 1st quarter. Arkadios Wealth Advisors now owns 5,231 shares of the company’s stock valued at $341,000 after acquiring an additional 1,918 shares during the period. US Bancorp DE lifted its position in Grayscale Bitcoin Trust ETF by 5.6% in the first quarter. US Bancorp DE now owns 50,715 shares of the company’s stock valued at $3,305,000 after purchasing an additional 2,699 shares during the last quarter. J. Safra Sarasin Holding AG boosted its stake in shares of Grayscale Bitcoin Trust ETF by 19.7% during the first quarter. J. Safra Sarasin Holding AG now owns 73,100 shares of the company’s stock valued at $4,764,000 after purchasing an additional 12,050 shares during the period. Haven Private LLC grew its holdings in shares of Grayscale Bitcoin Trust ETF by 3.4% in the first quarter. Haven Private LLC now owns 75,906 shares of the company’s stock worth $4,947,000 after purchasing an additional 2,496 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Grayscale Bitcoin Trust ETF by 3.1% in the first quarter. Commonwealth Equity Services LLC now owns 256,572 shares of the company’s stock worth $16,721,000 after purchasing an additional 7,752 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Up 0.9%

NYSEARCA:GBTC opened at $71.01 on Friday. The firm has a market capitalization of $17.10 billion, a P/E ratio of 2.23 and a beta of 2.40. The company has a fifty day moving average of $83.47 and a 200 day moving average of $86.26. Grayscale Bitcoin Trust ETF has a 52 week low of $59.79 and a 52 week 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.