Newbridge Financial Services Group Inc. Sells 96,105 Shares of Grayscale Ethereum Trust ETF $ETHE

Newbridge Financial Services Group Inc. reduced its holdings in shares of Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) by 97.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,817 shares of the company’s stock after selling 96,105 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Grayscale Ethereum Trust ETF were worth $69,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ETHE. NewEdge Advisors LLC lifted its holdings in Grayscale Ethereum Trust ETF by 36.7% during the first quarter. NewEdge Advisors LLC now owns 34,601 shares of the company’s stock worth $527,000 after acquiring an additional 9,294 shares during the period. Brown Advisory Inc. lifted its holdings 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 worth $393,000 after acquiring an additional 417 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of Grayscale Ethereum Trust ETF in the second quarter valued at $157,000. Cooksen Wealth LLC bought a new stake in shares of Grayscale Ethereum Trust ETF in the second quarter valued at $41,000. Finally, Corient Private Wealth LLC raised its stake in shares of Grayscale Ethereum Trust ETF by 106.4% in the second quarter. Corient Private Wealth LLC now owns 34,454 shares of the company’s stock valued at $719,000 after buying an additional 17,764 shares during the period.

Grayscale Ethereum Trust ETF Price Performance

Shares of ETHE opened at $17.97 on Thursday. The firm has a market cap of $1.90 billion, a PE ratio of 2.06 and a beta of 3.58. The stock’s fifty day moving average price is $17.09 and its two-hundred day moving average price is $24.25. Grayscale Ethereum Trust ETF has a 1 year low of $12.13 and a 1 year high of $40.13.

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.