Prairie Wealth Advisors Inc. Sells 305 Shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Prairie Wealth Advisors Inc. lowered its stake in shares of Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,183 shares of the company’s stock after selling 305 shares during the quarter. Prairie Wealth Advisors Inc.’s holdings in Grayscale Bitcoin Trust were worth $1,181,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Insigneo Advisory Services LLC acquired a new position in Grayscale Bitcoin Trust in the 2nd quarter valued at approximately $387,000. Bank of Montreal Can raised its stake in shares of Grayscale Bitcoin Trust by 80.5% in the second quarter. Bank of Montreal Can now owns 19,128 shares of the company’s stock valued at $1,057,000 after purchasing an additional 8,533 shares in the last quarter. DRW Securities LLC bought a new position in Grayscale Bitcoin Trust in the second quarter worth $4,438,000. EverSource Wealth Advisors LLC boosted its stake in Grayscale Bitcoin Trust by 286.9% during the second quarter. EverSource Wealth Advisors LLC now owns 4,933 shares of the company’s stock worth $257,000 after buying an additional 3,658 shares in the last quarter. Finally, Fairscale Capital LLC bought a new stake in Grayscale Bitcoin Trust in the 2nd quarter valued at $117,000.

Grayscale Bitcoin Trust Stock Performance

NYSEARCA:GBTC opened at $51.23 on Wednesday. The company has a 50-day moving average of $49.63 and a 200-day moving average of $55.15. Grayscale Bitcoin Trust has a 52 week low of $18.04 and a 52 week high of $65.61. The company has a market capitalization of $26.16 billion, a price-to-earnings ratio of 2.29 and a beta of 1.25.

About Grayscale Bitcoin Trust

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.