Mercer Global Advisors Inc. ADV trimmed its holdings in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC – Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,937 shares of the company’s stock after selling 1,290 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Grayscale Bitcoin Trust were worth $1,594,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Optimum Investment Advisors purchased a new position in Grayscale Bitcoin Trust during the first quarter valued at approximately $95,000. BOKF NA purchased a new position in Grayscale Bitcoin Trust during the first quarter valued at approximately $57,000. SeaCrest Wealth Management LLC purchased a new position in Grayscale Bitcoin Trust during the first quarter valued at approximately $370,000. Opal Wealth Advisors LLC purchased a new position in Grayscale Bitcoin Trust during the first quarter valued at approximately $262,000. Finally, Level Financial Advisors purchased a new position in Grayscale Bitcoin Trust during the first quarter valued at approximately $255,000.
Grayscale Bitcoin Trust Trading Up 1.6 %
Shares of GBTC stock opened at $51.23 on Wednesday. Grayscale Bitcoin Trust has a 12-month low of $18.04 and a 12-month high of $65.61. The business’s fifty day simple moving average is $49.63 and its 200-day simple moving average is $55.15. The company has a market cap of $26.16 billion, a PE ratio of 2.29 and a beta of 1.25.
Grayscale Bitcoin Trust 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.
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