Cresset Asset Management LLC Sells 114,356 Shares of Grayscale Ethereum Trust (ETH) $ETHE

Key Points

• Cresset Asset Management LLC reduced its stake in Grayscale Ethereum Trust (ETH) by 67.0%, selling 114,356 shares during the first quarter and retaining 56,353 shares worth approximately $858,000.
• Other institutional investors have also made significant changes to their positions, with Headlands Technologies LLC and Cornerstone Planning Group LLC increasing their stakes substantially, by 1,221.3% and 5,400.0% respectively.
• As of the latest trading session, Grayscale Ethereum Trust (ETH) shares opened at $39.94, with a notable 14.6% increase, reflecting its performance over the past year where it reached a high of $40.13.

Cresset Asset Management LLC cut its holdings in shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - Free Report) by 67.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,353 shares of the company's stock after selling 114,356 shares during the quarter. Cresset Asset Management LLC's holdings in Grayscale Ethereum Trust (ETH) were worth $858,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ETHE. Verde Capital Management bought a new position in Grayscale Ethereum Trust (ETH) in the first quarter valued at approximately $2,473,000. Integrated Advisors Network LLC increased its stake in Grayscale Ethereum Trust (ETH) by 138.9% in the first quarter. Integrated Advisors Network LLC now owns 170,164 shares of the company's stock valued at $2,590,000 after acquiring an additional 98,940 shares during the last quarter. Avantax Advisory Services Inc. increased its stake in Grayscale Ethereum Trust (ETH) by 144.0% in the first quarter. Avantax Advisory Services Inc. now owns 72,900 shares of the company's stock valued at $1,110,000 after acquiring an additional 43,018 shares during the last quarter. Simplicity Wealth LLC bought a new position in Grayscale Ethereum Trust (ETH) in the first quarter valued at approximately $536,000. Finally, NBC Securities Inc. increased its stake in Grayscale Ethereum Trust (ETH) by 100,068.2% in the first quarter. NBC Securities Inc. now owns 22,037 shares of the company's stock valued at $335,000 after acquiring an additional 22,015 shares during the last quarter.

Grayscale Ethereum Trust (ETH) Stock Performance

OTCMKTS:ETHE traded down $0.06 during mid-day trading on Wednesday, reaching $37.88. The stock had a trading volume of 3,956,182 shares, compared to its average volume of 5,122,708. The stock has a 50-day simple moving average of $28.35 and a two-hundred day simple moving average of $21.68. Grayscale Ethereum Trust has a 12 month low of $12.10 and a 12 month high of $40.13.

Grayscale Ethereum Trust (ETH) Profile

crossword cybersecurity is a technology commercialisation company focusing exclusively on the cyber security sector. we work with research intensive european university partners to identify promising cyber security intellectual property ("ip"​) from research that our industry partners tell us meet emerging real-world challenges.