HighTower Advisors LLC Sells 13,575 Shares of Grayscale Ethereum Trust (ETH) $ETHE

Key Points

• HighTower Advisors LLC reduced its holdings in Grayscale Ethereum Trust (ETH) by 16.6% during the first quarter, bringing their total shares to 68,074, valued at approximately $1.04 million.
• Other institutional investors also made significant adjustments, with Cornerstone Planning Group LLC increasing its stake by 5,400% and acquiring shares valued at $41,000.
• The Grayscale Ethereum Trust (ETH) opened at $37.94 on Wednesday, with a 52-week range between $12.10 and $40.13.

HighTower Advisors LLC lowered its stake in shares of Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,074 shares of the company's stock after selling 13,575 shares during the quarter. HighTower Advisors LLC's holdings in Grayscale Ethereum Trust (ETH) were worth $1,036,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Cresset Asset Management LLC raised its position in Grayscale Ethereum Trust (ETH) by 2.0% in the 4th quarter. Cresset Asset Management LLC now owns 170,709 shares of the company's stock worth $4,783,000 after purchasing an additional 3,315 shares during the period. Integrated Advisors Network LLC raised its position in Grayscale Ethereum Trust (ETH) by 138.9% in the 1st quarter. Integrated Advisors Network LLC now owns 170,164 shares of the company's stock worth $2,590,000 after purchasing an additional 98,940 shares during the period. Verde Capital Management purchased a new position in Grayscale Ethereum Trust (ETH) in the 1st quarter worth $2,473,000. Avantax Advisory Services Inc. raised its position in Grayscale Ethereum Trust (ETH) by 144.0% in the 1st quarter. Avantax Advisory Services Inc. now owns 72,900 shares of the company's stock worth $1,110,000 after purchasing an additional 43,018 shares during the period. Finally, Arkadios Wealth Advisors raised its position in Grayscale Ethereum Trust (ETH) by 3.3% in the 1st quarter. Arkadios Wealth Advisors now owns 48,633 shares of the company's stock worth $740,000 after purchasing an additional 1,569 shares during the period.

Grayscale Ethereum Trust (ETH) Price Performance

OTCMKTS:ETHE traded down $0.82 during trading hours on Friday, reaching $35.80. The company's stock had a trading volume of 8,101,256 shares, compared to its average volume of 5,149,320. The firm has a 50-day simple moving average of $29.01 and a 200-day simple moving average of $21.88. Grayscale Ethereum Trust has a 1 year low of $12.10 and a 1 year high of $40.13.

Grayscale Ethereum Trust (ETH) Company 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.