Atlas Wealth Partners LLC Trims Holdings in Grayscale Bitcoin Trust ETF $GBTC

Atlas Wealth Partners LLC reduced its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 147,923 shares of the company’s stock after selling 4,945 shares during the quarter. Grayscale Bitcoin Trust ETF comprises about 14.5% of Atlas Wealth Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Atlas Wealth Partners LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $12,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in GBTC. First Horizon Advisors Inc. lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 90.9% in the 1st quarter. First Horizon Advisors Inc. now owns 420 shares of the company’s stock worth $27,000 after acquiring an additional 200 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF in the 1st quarter worth about $34,000. Flaharty Asset Management LLC bought a new stake in shares of Grayscale Bitcoin Trust ETF in the 1st quarter worth about $39,000. Cornerstone Planning Group LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 600.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 875 shares of the company’s stock worth $57,000 after acquiring an additional 750 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of Grayscale Bitcoin Trust ETF by 227.0% in the 1st quarter. Headlands Technologies LLC now owns 1,128 shares of the company’s stock worth $74,000 after acquiring an additional 783 shares during the last quarter.

Grayscale Bitcoin Trust ETF Stock Performance

GBTC opened at $78.87 on Wednesday. The stock has a market cap of $18.99 billion, a price-to-earnings ratio of 2.23 and a beta of 2.40. The stock’s 50 day moving average price is $88.74 and its 200-day moving average price is $86.57. Grayscale Bitcoin Trust ETF has a one year low of $54.64 and a one year 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.