Journey Advisory Group LLC Has $262,000 Holdings in Grayscale Bitcoin Trust (NYSEARCA:GBTC)

Journey Advisory Group LLC lowered its stake in Grayscale Bitcoin Trust (NYSEARCA:GBTC) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,915 shares of the company’s stock after selling 470 shares during the period. Journey Advisory Group LLC’s holdings in Grayscale Bitcoin Trust were worth $262,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of GBTC. SJS Investment Consulting Inc. raised its stake in Grayscale Bitcoin Trust by 1.1% during the second quarter. SJS Investment Consulting Inc. now owns 27,453 shares of the company’s stock worth $1,462,000 after buying an additional 300 shares during the last quarter. Horizon Wealth Management LLC lifted its holdings in shares of Grayscale Bitcoin Trust by 9.1% in the second quarter. Horizon Wealth Management LLC now owns 4,115 shares of the company’s stock valued at $219,000 after purchasing an additional 343 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new position in Grayscale Bitcoin Trust during the 1st quarter worth $27,000. Toth Financial Advisory Corp purchased a new stake in Grayscale Bitcoin Trust in the 1st quarter valued at about $28,000. Finally, YHB Investment Advisors Inc. purchased a new stake in shares of Grayscale Bitcoin Trust during the first quarter valued at approximately $28,000.

Grayscale Bitcoin Trust Stock Performance

Shares of NYSEARCA:GBTC opened at $44.66 on Friday. The company has a market capitalization of $22.81 billion, a P/E ratio of 2.29 and a beta of 1.25. Grayscale Bitcoin Trust has a fifty-two week low of $18.04 and a fifty-two week high of $65.61. The company’s 50-day moving average is $51.07 and its 200 day moving average is $55.59.

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.