Wealthfront Advisers LLC Cuts Stock Holdings in Grayscale Ethereum Trust (ETH) $ETHE

Wealthfront Advisers LLC lessened its position in Grayscale Ethereum Trust (ETH) (OTCMKTS:ETHE) by 32.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 298,552 shares of the company’s stock after selling 141,812 shares during the quarter. Wealthfront Advisers LLC’s holdings in Grayscale Ethereum Trust (ETH) were worth $10,231,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Fairway Wealth LLC increased its position in shares of Grayscale Ethereum Trust (ETH) by 180.3% during the third quarter. Fairway Wealth LLC now owns 1,121 shares of the company’s stock worth $38,000 after purchasing an additional 721 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Grayscale Ethereum Trust (ETH) by 86.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,225 shares of the company’s stock worth $26,000 after buying an additional 569 shares in the last quarter. Quent Capital LLC purchased a new stake in shares of Grayscale Ethereum Trust (ETH) during the third quarter worth $46,000. Financial Management Professionals Inc. raised its position in shares of Grayscale Ethereum Trust (ETH) by 135.2% in the third quarter. Financial Management Professionals Inc. now owns 1,430 shares of the company’s stock valued at $49,000 after buying an additional 822 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in Grayscale Ethereum Trust (ETH) in the 2nd quarter worth approximately $31,000.

Grayscale Ethereum Trust (ETH) Stock Performance

Shares of OTCMKTS:ETHE opened at $15.93 on Thursday. The business has a fifty day moving average of $23.72 and a two-hundred day moving average of $29.38. Grayscale Ethereum Trust has a 52-week low of $12.10 and a 52-week high of $40.13.

About Grayscale Ethereum Trust (ETH)

Grayscale Ethereum Trust (OTCMKTS: ETHE) is a publicly quoted investment vehicle that offers investors exposure to the price movement of Ethereum through a traditional security. The trust holds Ethereum (“ETH”) as its sole underlying asset and issues shares that trade over the counter in U.S. dollars. By packaging ether into a familiar trust structure, ETHE is designed to simplify the process of gaining exposure to digital assets without the need for personal wallets, private keys, or direct interactions with cryptocurrency exchanges.

As a decentralized asset held in trust, ETHE provides daily transparent reporting of its assets under management, net asset value per share and the trust’s Ethereum holdings.