iShares Ethereum Trust ETF (NASDAQ:ETHA) Stock Price Up 4.9% – Still a Buy?

iShares Ethereum Trust ETF (NASDAQ:ETHA) shares shot up 4.9% on Tuesday . The company traded as high as $23.96 and last traded at $23.83. 27,981,086 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 29,407,674 shares. The stock had previously closed at $22.71.

iShares Ethereum Trust ETF Stock Up 4.9%

The firm’s 50 day simple moving average is $30.33 and its 200-day simple moving average is $26.28.

Institutional Trading of iShares Ethereum Trust ETF

A number of large investors have recently made changes to their positions in the company. Private Wealth Management Group LLC purchased a new stake in iShares Ethereum Trust ETF in the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp acquired a new position in iShares Ethereum Trust ETF in the third quarter valued at $26,000. Activest Wealth Management raised its holdings in shares of iShares Ethereum Trust ETF by 252.7% in the third quarter. Activest Wealth Management now owns 864 shares of the company’s stock valued at $27,000 after buying an additional 619 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of iShares Ethereum Trust ETF in the third quarter valued at about $31,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of iShares Ethereum Trust ETF during the third quarter worth about $32,000.

About iShares Ethereum Trust ETF

The iShares Ethereum Trust ETF (ETHA) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the spot price of Ether, less expenses and fees. ETHA was launched on Jul 24, 2024 and is issued by BlackRock.