HighTower Advisors LLC Sells 23,373 Shares of Grayscale Bitcoin Trust ETF $GBTC

HighTower Advisors LLC reduced its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 626,428 shares of the company’s stock after selling 23,373 shares during the quarter. HighTower Advisors LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $56,234,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in GBTC. Kingswood Wealth Advisors LLC grew its stake in Grayscale Bitcoin Trust ETF by 1.0% in the third quarter. Kingswood Wealth Advisors LLC now owns 284,948 shares of the company’s stock valued at $25,580,000 after acquiring an additional 2,693 shares during the period. Fiduciary Alliance LLC boosted its holdings in Grayscale Bitcoin Trust ETF by 1.0% during the third quarter. Fiduciary Alliance LLC now owns 130,032 shares of the company’s stock worth $11,673,000 after purchasing an additional 1,225 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Grayscale Bitcoin Trust ETF by 3.6% in the 3rd quarter. Foundations Investment Advisors LLC now owns 129,632 shares of the company’s stock valued at $11,637,000 after acquiring an additional 4,490 shares in the last quarter. SLT Holdings LLC grew its stake in Grayscale Bitcoin Trust ETF by 3.5% in the third quarter. SLT Holdings LLC now owns 122,602 shares of the company’s stock valued at $11,006,000 after purchasing an additional 4,110 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Grayscale Bitcoin Trust ETF by 400.6% in the second quarter. Ieq Capital LLC now owns 113,310 shares of the company’s stock valued at $9,612,000 after buying an additional 90,675 shares in the last quarter.

Grayscale Bitcoin Trust ETF Price Performance

Grayscale Bitcoin Trust ETF stock opened at $53.63 on Tuesday. The company’s 50-day moving average is $66.68 and its 200-day moving average is $78.63. The firm has a market capitalization of $12.91 billion, a PE ratio of 2.23 and a beta of 2.40. Grayscale Bitcoin Trust ETF has a fifty-two week low of $48.56 and a fifty-two 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.