Sterling Financial Group Inc. Takes $292,000 Position in Grayscale Ethereum Trust (ETH) $ETHE

Key Points

• Sterling Financial Group Inc. acquired 14,000 shares of Grayscale Ethereum Trust (ETH), worth approximately $292,000, during the second quarter.
• Other institutional investors, including Verde Capital Management and CWM LLC, have also recently increased their stakes in Grayscale Ethereum Trust, with significant percentage increases reported.
• The current share price of Grayscale Ethereum Trust (ETH) is $37.82, with a 52-week range between $12.10 and $40.13.

Sterling Financial Group Inc. bought a new stake in Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,000 shares of the company's stock, valued at approximately $292,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ETHE. DRW Securities LLC boosted its holdings in Grayscale Ethereum Trust (ETH) by 226.1% during the first quarter. DRW Securities LLC now owns 1,514,618 shares of the company's stock worth $23,052,000 after buying an additional 1,050,147 shares during the last quarter. Verde Capital Management bought a new position in Grayscale Ethereum Trust (ETH) during the first quarter worth about $2,473,000. Integrated Advisors Network LLC boosted its holdings in Grayscale Ethereum Trust (ETH) by 138.9% during the first quarter. Integrated Advisors Network LLC now owns 170,164 shares of the company's stock worth $2,590,000 after buying an additional 98,940 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Grayscale Ethereum Trust (ETH) by 144.0% during the first quarter. Avantax Advisory Services Inc. now owns 72,900 shares of the company's stock worth $1,110,000 after buying an additional 43,018 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in Grayscale Ethereum Trust (ETH) during the first quarter worth about $536,000.

Grayscale Ethereum Trust (ETH) Price Performance

ETHE traded down $2.53 during midday trading on Monday, reaching $34.05. 4,701,004 shares of the company were exchanged, compared to its average volume of 5,160,131. Grayscale Ethereum Trust has a one year low of $12.10 and a one year high of $40.13. The stock's 50-day simple moving average is $33.88 and its 200 day simple moving average is $23.64.

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.