Halter Ferguson Financial Inc. Buys Shares of 75,371 Grayscale Ethereum Trust ETF $ETHE

Halter Ferguson Financial Inc. bought a new stake in shares of Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) during the fourth quarter, Holdings Channel reports. The fund bought 75,371 shares of the company’s stock, valued at approximately $1,837,000. Grayscale Ethereum Trust ETF accounts for 0.4% of Halter Ferguson Financial Inc.’s investment portfolio, making the stock its 17th largest holding.

A number of other institutional investors have also added to or reduced their stakes in ETHE. NewEdge Advisors LLC increased its position in Grayscale Ethereum Trust ETF by 36.7% during the 1st quarter. NewEdge Advisors LLC now owns 34,601 shares of the company’s stock valued at $527,000 after purchasing an additional 9,294 shares during the period. Brown Advisory Inc. increased its position in Grayscale Ethereum Trust ETF by 2.3% during the 2nd quarter. Brown Advisory Inc. now owns 18,833 shares of the company’s stock valued at $393,000 after purchasing an additional 417 shares during the period. Diversify Advisory Services LLC purchased a new position in Grayscale Ethereum Trust ETF during the 2nd quarter valued at about $157,000. Cooksen Wealth LLC purchased a new position in Grayscale Ethereum Trust ETF during the 2nd quarter valued at about $41,000. Finally, Corient Private Wealth LLC increased its position in Grayscale Ethereum Trust ETF by 106.4% during the 2nd quarter. Corient Private Wealth LLC now owns 34,454 shares of the company’s stock valued at $719,000 after purchasing an additional 17,764 shares during the period.

Grayscale Ethereum Trust ETF Stock Performance

NYSEARCA ETHE opened at $18.62 on Friday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 2.06 and a beta of 2.73. The company’s 50-day simple moving average is $17.96 and its two-hundred day simple moving average is $21.58. Grayscale Ethereum Trust ETF has a one year low of $14.71 and a one year high of $40.13.

About Grayscale Ethereum Trust ETF

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.