Surience Private Wealth LLC Takes Position in Grayscale Ethereum Trust ETF $ETHE

Surience Private Wealth LLC bought a new position in Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) during the 1st quarter, HoldingsChannel.com reports. The fund bought 64,988 shares of the company’s stock, valued at approximately $1,109,000. Grayscale Ethereum Trust ETF accounts for about 1.2% of Surience Private Wealth LLC’s portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Advisory Inc. raised its position in Grayscale Ethereum Trust ETF by 2.3% during the second quarter. Brown Advisory Inc. now owns 18,833 shares of the company’s stock valued at $393,000 after acquiring an additional 417 shares in the last quarter. Sound Income Strategies LLC grew its position in Grayscale Ethereum Trust ETF by 33.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,822 shares of the company’s stock worth $49,000 after acquiring an additional 460 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Grayscale Ethereum Trust ETF by 2.5% in the third quarter. Integrated Wealth Concepts LLC now owns 19,794 shares of the company’s stock worth $678,000 after acquiring an additional 481 shares in the last quarter. PFG Investments LLC increased its stake in shares of Grayscale Ethereum Trust ETF by 7.1% during the 4th quarter. PFG Investments LLC now owns 9,467 shares of the company’s stock worth $231,000 after purchasing an additional 624 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of Grayscale Ethereum Trust ETF by 2.0% during the 2nd quarter. NewEdge Advisors LLC now owns 35,281 shares of the company’s stock worth $736,000 after purchasing an additional 680 shares during the last quarter.

Grayscale Ethereum Trust ETF Trading Down 4.8%

Grayscale Ethereum Trust ETF stock opened at $12.79 on Thursday. Grayscale Ethereum Trust ETF has a 1-year low of $12.46 and a 1-year high of $40.13. The firm’s fifty day simple moving average is $16.67 and its 200-day simple moving average is $19.17. The company has a market capitalization of $1.35 billion, a P/E ratio of 2.06 and a beta of 2.46.

Grayscale Ethereum Trust ETF Company Profile

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.