Park Avenue Securities LLC Has $525,000 Stake in Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC)

Park Avenue Securities LLC reduced its stake in shares of Grayscale Bitcoin Trust ETF (NYSEARCA:GBTC) by 3.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,055 shares of the company’s stock after selling 323 shares during the quarter. Park Avenue Securities LLC’s holdings in Grayscale Bitcoin Trust ETF were worth $525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of GBTC. Rothschild Investment LLC raised its position in shares of Grayscale Bitcoin Trust ETF by 0.9% during the fourth quarter. Rothschild Investment LLC now owns 14,490 shares of the company’s stock worth $1,073,000 after purchasing an additional 130 shares during the period. Upper Left Wealth Management LLC increased its stake 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 worth $1,315,000 after purchasing an additional 162 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in Grayscale Bitcoin Trust ETF by 1.0% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 16,906 shares of the company’s stock valued at $1,251,000 after buying an additional 165 shares in the last quarter. Townsquare Capital LLC boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 1.4% in the fourth quarter. Townsquare Capital LLC now owns 14,214 shares of the company’s stock valued at $1,052,000 after buying an additional 191 shares during the period. Finally, Carret Asset Management LLC boosted its holdings in shares of Grayscale Bitcoin Trust ETF by 3.0% in the fourth quarter. Carret Asset Management LLC now owns 6,634 shares of the company’s stock valued at $491,000 after buying an additional 196 shares during the period.

Grayscale Bitcoin Trust ETF Stock Down 1.6%

Shares of NYSEARCA:GBTC opened at $82.83 on Friday. The firm has a market cap of $19.73 billion, a price-to-earnings ratio of 2.23 and a beta of 2.51. Grayscale Bitcoin Trust ETF has a 12 month low of $39.56 and a 12 month high of $88.36. The company’s fifty day simple moving average is $77.52 and its 200 day simple moving average is $75.45.

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.