Verdence Capital Advisors LLC Trims Stock Position in Grayscale Ethereum Trust (ETH) $ETHE

Key Points

• Verdence Capital Advisors LLC has reduced its stake in Grayscale Ethereum Trust (ETH) by 25.1%, bringing their total holdings to 27,823 shares valued at approximately $580,000.
• Several other institutional investors have also adjusted their positions, with Simplicity Wealth LLC increasing their stake by 104.2% to hold 71,910 shares worth about $1.5 million.
• The stock of Grayscale Ethereum Trust is currently trading at $33.78, with a one-year range between $12.10 and $40.13.

Verdence Capital Advisors LLC cut its stake in Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE - Free Report) by 25.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,823 shares of the company's stock after selling 9,315 shares during the period. Verdence Capital Advisors LLC's holdings in Grayscale Ethereum Trust (ETH) were worth $580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cyndeo Wealth Partners LLC lifted its position in Grayscale Ethereum Trust (ETH) by 2.3% in the second quarter. Cyndeo Wealth Partners LLC now owns 33,953 shares of the company's stock valued at $708,000 after acquiring an additional 750 shares during the last quarter. Mainstay Capital Management LLC ADV lifted its position in Grayscale Ethereum Trust (ETH) by 100.0% in the second quarter. Mainstay Capital Management LLC ADV now owns 28,948 shares of the company's stock valued at $604,000 after acquiring an additional 14,474 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in Grayscale Ethereum Trust (ETH) in the second quarter valued at $100,000. Valeo Financial Advisors LLC lifted its position in Grayscale Ethereum Trust (ETH) by 31.3% in the second quarter. Valeo Financial Advisors LLC now owns 20,802 shares of the company's stock valued at $434,000 after acquiring an additional 4,964 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its position in Grayscale Ethereum Trust (ETH) by 104.2% in the second quarter. Simplicity Wealth LLC now owns 71,910 shares of the company's stock valued at $1,500,000 after acquiring an additional 36,690 shares during the last quarter.

Grayscale Ethereum Trust (ETH) Price Performance

Shares of Grayscale Ethereum Trust (ETH) stock opened at $33.78 on Wednesday. Grayscale Ethereum Trust has a 1 year low of $12.10 and a 1 year high of $40.13. The company's fifty day moving average is $35.79 and its two-hundred day moving average is $25.80.

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.

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