Avidian Wealth Enterprises LLC Acquires Shares of 29,300 Ultra Ether ETF $ETHT

Avidian Wealth Enterprises LLC acquired a new stake in shares of Ultra Ether ETF (NYSEARCA:ETHT) in the fourth quarter, HoldingsChannel reports. The fund acquired 29,300 shares of the company’s stock, valued at approximately $1,101,000.

A number of other hedge funds have also recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake in Ultra Ether ETF by 50.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,639 shares of the company’s stock valued at $65,000 after purchasing an additional 546 shares in the last quarter. Mutual Advisors LLC grew its position in shares of Ultra Ether ETF by 6.5% in the 3rd quarter. Mutual Advisors LLC now owns 20,747 shares of the company’s stock worth $1,867,000 after acquiring an additional 1,267 shares in the last quarter. Beaumont Financial Advisors LLC acquired a new position in shares of Ultra Ether ETF in the 3rd quarter worth approximately $230,000. Integrated Wealth Concepts LLC acquired a new position in shares of Ultra Ether ETF in the 3rd quarter worth approximately $282,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ultra Ether ETF in the 3rd quarter worth approximately $294,000.

Ultra Ether ETF Trading Up 4.3%

Shares of ETHT opened at $18.31 on Tuesday. The stock has a 50 day moving average of $16.03 and a 200-day moving average of $33.40. Ultra Ether ETF has a 52 week low of $11.92 and a 52 week high of $131.74.

About Ultra Ether ETF

The ProShares Ultra Ether ETF (ETHT) is an exchange-traded fund that is based on the Bloomberg Ethereum index. The fund tracks 2x the daily price movements of an index that measures the price of Ether. It uses futures contracts to provide leveraged exposure without directly investing in Ether. ETHT was launched on Jun 7, 2024 and is issued by ProShares.