Avantax Advisory Services Inc. Has $1.11 Million Stake in Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE)

Key Points

• Avantax Advisory Services Inc. increased its stake in Grayscale Ethereum Trust (ETH) by 144.0%, owning a total of 72,900 shares worth approximately $1.11 million after recent purchases.
• Other institutional investors, including Cornerstone Planning Group LLC and Hurley Capital LLC, also made significant new investments in the Grayscale Ethereum Trust during the first quarter of this year.
• The Grayscale Ethereum Trust (ETH) shares are currently trading at $28.98, experiencing a 6.1% decline recently, with a 12-month price range between $12.10 and $34.53.

Avantax Advisory Services Inc. lifted its holdings in shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - Free Report) by 144.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,900 shares of the company's stock after buying an additional 43,018 shares during the quarter. Avantax Advisory Services Inc. owned approximately 0.05% of Grayscale Ethereum Trust (ETH) worth $1,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ETHE. Abound Financial LLC acquired a new stake in shares of Grayscale Ethereum Trust (ETH) in the 1st quarter worth $33,000. Huntington National Bank purchased a new stake in shares of Grayscale Ethereum Trust (ETH) during the 4th quarter valued at approximately $36,000. Cornerstone Planning Group LLC lifted its holdings in Grayscale Ethereum Trust (ETH) by 5,400.0% in the first quarter. Cornerstone Planning Group LLC now owns 2,750 shares of the company's stock valued at $41,000 after acquiring an additional 2,700 shares during the last quarter. Hurley Capital LLC acquired a new stake in Grayscale Ethereum Trust (ETH) during the fourth quarter worth $57,000. Finally, Natixis acquired a new position in shares of Grayscale Ethereum Trust (ETH) in the 4th quarter valued at $95,000.

Grayscale Ethereum Trust (ETH) Stock Up 4.6%

Shares of Grayscale Ethereum Trust (ETH) stock traded up $1.34 during trading hours on Monday, reaching $30.32. 5,135,842 shares of the company were exchanged, compared to its average volume of 4,710,241. Grayscale Ethereum Trust has a 1 year low of $12.10 and a 1 year high of $34.53. The stock's fifty day moving average is $23.80 and its 200 day moving average is $20.56.

About Grayscale Ethereum Trust (ETH)

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.