Newbridge Financial Services Group Inc. Boosts Stake in Grayscale Ethereum Trust ETF $ETHE

Newbridge Financial Services Group Inc. lifted its stake in shares of Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) by 3,753.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 98,922 shares of the company’s stock after acquiring an additional 96,355 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Grayscale Ethereum Trust ETF were worth $3,390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its stake in Grayscale Ethereum Trust ETF by 36.7% in the first quarter. NewEdge Advisors LLC now owns 34,601 shares of the company’s stock valued at $527,000 after acquiring an additional 9,294 shares during the last quarter. Prospera Financial Services Inc bought a new stake in Grayscale Ethereum Trust ETF during the second quarter worth about $329,000. PNC Financial Services Group Inc. boosted its holdings in shares of Grayscale Ethereum Trust ETF by 86.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,225 shares of the company’s stock worth $26,000 after purchasing an additional 569 shares in the last quarter. Wealthspire Advisors LLC purchased a new position in shares of Grayscale Ethereum Trust ETF in the 2nd quarter worth about $274,000. Finally, MAI Capital Management increased its position in shares of Grayscale Ethereum Trust ETF by 19.7% during the 2nd quarter. MAI Capital Management now owns 6,085 shares of the company’s stock valued at $127,000 after purchasing an additional 1,000 shares during the last quarter.

Grayscale Ethereum Trust ETF Trading Up 1.5%

Shares of Grayscale Ethereum Trust ETF stock opened at $17.11 on Friday. The firm has a market capitalization of $4.60 billion, a PE ratio of 2.06 and a beta of 4.48. Grayscale Ethereum Trust ETF has a 12 month low of $12.10 and a 12 month high of $40.13. The business’s 50-day moving average price is $20.02 and its 200-day moving average price is $26.73.

About Grayscale Ethereum Trust ETF

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.