Pathway Financial Advisers LLC Trims Stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Pathway Financial Advisers LLC lowered its position in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,650 shares of the company’s stock after selling 278 shares during the period. Pathway Financial Advisers LLC’s holdings in Grayscale Bitcoin Trust were worth $88,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. EP Wealth Advisors LLC grew its holdings in shares of Grayscale Bitcoin Trust by 25.7% in the second quarter. EP Wealth Advisors LLC now owns 7,936 shares of the company’s stock worth $423,000 after purchasing an additional 1,625 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Grayscale Bitcoin Trust in the second quarter valued at approximately $2,158,000. Sunbelt Securities Inc. grew its stake in Grayscale Bitcoin Trust by 8.8% in the second quarter. Sunbelt Securities Inc. now owns 4,322 shares of the company’s stock worth $230,000 after purchasing an additional 350 shares in the last quarter. Creative Planning increased its holdings in Grayscale Bitcoin Trust by 1.3% during the 2nd quarter. Creative Planning now owns 82,857 shares of the company’s stock worth $4,411,000 after purchasing an additional 1,074 shares during the period. Finally, Magnolia Capital Advisors LLC purchased a new position in Grayscale Bitcoin Trust during the 2nd quarter worth $14,810,000.

Grayscale Bitcoin Trust Trading Down 2.7 %

Shares of GBTC stock opened at $49.12 on Wednesday. Grayscale Bitcoin Trust has a twelve month low of $19.19 and a twelve month high of $65.61. The stock has a fifty day simple moving average of $49.04 and a two-hundred day simple moving average of $54.79. The stock has a market capitalization of $25.09 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

Grayscale Bitcoin Trust 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.