Newbridge Financial Services Group Inc. Has $69,000 Stock Position in Grayscale Ethereum Trust ETF $ETHE

Newbridge Financial Services Group Inc. lessened its position in Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) by 97.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,817 shares of the company’s stock after selling 96,105 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Grayscale Ethereum Trust ETF were worth $69,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Brown Advisory Inc. boosted its holdings in Grayscale Ethereum Trust ETF by 2.3% during the second quarter. Brown Advisory Inc. now owns 18,833 shares of the company’s stock worth $393,000 after purchasing an additional 417 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in Grayscale Ethereum Trust ETF by 33.8% during the fourth quarter. Sound Income Strategies LLC now owns 1,822 shares of the company’s stock worth $49,000 after acquiring an additional 460 shares during the period. North Star Investment Management Corp. lifted its holdings in Grayscale Ethereum Trust ETF by 10.0% during the third quarter. North Star Investment Management Corp. now owns 5,222 shares of the company’s stock worth $179,000 after acquiring an additional 473 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in Grayscale Ethereum Trust ETF by 2.5% during the third quarter. Integrated Wealth Concepts LLC now owns 19,794 shares of the company’s stock worth $678,000 after acquiring an additional 481 shares during the period. Finally, Rothschild Investment LLC lifted its holdings in Grayscale Ethereum Trust ETF by 2.0% during the third quarter. Rothschild Investment LLC now owns 25,784 shares of the company’s stock worth $884,000 after acquiring an additional 500 shares during the period.

Grayscale Ethereum Trust ETF Trading Up 4.7%

Shares of Grayscale Ethereum Trust ETF stock opened at $17.97 on Thursday. The business’s fifty day simple moving average is $17.09 and its 200 day simple moving average is $24.25. The firm has a market capitalization of $1.90 billion, a P/E ratio of 2.06 and a beta of 3.58. Grayscale Ethereum Trust ETF has a 12 month low of $12.13 and a 12 month 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.