NBC Securities Inc. Trims Holdings in Grayscale Bitcoin Trust ETF $GBTC

NBC Securities Inc. cut its holdings in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 14.1% during the second quarter, Holdings Channel reports. The institutional investor owned 31,295 shares of the company’s stock after selling 5,150 shares during the quarter. NBC Securities Inc.’s holdings in Grayscale Bitcoin Trust ETF were worth $2,654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Upper Left Wealth Management LLC grew its position in Grayscale Bitcoin Trust ETF by 0.8% during the 1st quarter. Upper Left Wealth Management LLC now owns 20,176 shares of the company’s stock valued at $1,315,000 after purchasing an additional 162 shares during the last quarter. Fiduciary Financial Group LLC grew its position in Grayscale Bitcoin Trust ETF by 1.4% during the 1st quarter. Fiduciary Financial Group LLC now owns 12,678 shares of the company’s stock valued at $796,000 after purchasing an additional 177 shares during the last quarter. Bulltick Wealth Management LLC grew its position in Grayscale Bitcoin Trust ETF by 2.4% during the 1st quarter. Bulltick Wealth Management LLC now owns 7,659 shares of the company’s stock valued at $499,000 after purchasing an additional 178 shares during the last quarter. First Horizon Advisors Inc. grew its position in Grayscale Bitcoin Trust ETF by 90.9% during the 1st quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock valued at $27,000 after purchasing an additional 200 shares during the last quarter. Finally, Modern Wealth Management LLC grew its position in Grayscale Bitcoin Trust ETF by 1.7% during the 1st quarter. Modern Wealth Management LLC now owns 12,313 shares of the company’s stock valued at $802,000 after purchasing an additional 210 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC opened at $91.75 on Monday. The stock has a market capitalization of $22.09 billion, a P/E ratio of 2.23 and a beta of 2.47. The company’s 50-day simple moving average is $90.36 and its two-hundred day simple moving average is $80.56. Grayscale Bitcoin Trust ETF has a 52-week low of $45.79 and a 52-week high of $96.62.

Grayscale Bitcoin Trust ETF 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.