Compass Financial Management LLC Takes $2.93 Million Position in Grayscale Ethereum Mini Trust ETF $ETH

Compass Financial Management LLC purchased a new position in Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) during the 2nd quarter, HoldingsChannel reports. The fund purchased 194,851 shares of the company’s stock, valued at approximately $2,931,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Private Wealth Services LLC boosted its position in Grayscale Ethereum Mini Trust ETF by 8.0% during the first quarter. Kestra Private Wealth Services LLC now owns 11,290 shares of the company’s stock worth $224,000 after acquiring an additional 835 shares during the last quarter. Beaird Harris Wealth Management LLC raised its holdings in Grayscale Ethereum Mini Trust ETF by 20.5% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 5,451 shares of the company’s stock valued at $82,000 after acquiring an additional 929 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Grayscale Ethereum Mini Trust ETF by 58.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,575 shares of the company’s stock valued at $54,000 after acquiring an additional 1,313 shares during the last quarter. Turim 21 Investimentos Ltda. purchased a new position in Grayscale Ethereum Mini Trust ETF in the 1st quarter worth approximately $30,000. Finally, World Investment Advisors lifted its stake in Grayscale Ethereum Mini Trust ETF by 4.9% in the 4th quarter. World Investment Advisors now owns 37,780 shares of the company’s stock worth $1,060,000 after purchasing an additional 1,757 shares in the last quarter. 77.84% of the stock is currently owned by institutional investors and hedge funds.

Grayscale Ethereum Mini Trust ETF Price Performance

Shares of Grayscale Ethereum Mini Trust ETF stock opened at $23.04 on Friday. The stock has a market cap of $2.21 billion, a P/E ratio of 9.76 and a beta of 2.48. The stock’s 50 day simple moving average is $17.49 and its 200-day simple moving average is $19.06. Grayscale Ethereum Mini Trust ETF has a 1-year low of $14.53 and a 1-year high of $45.78.

Grayscale Ethereum Mini Trust ETF Company Profile

The Grayscale Ethereum Mini Trust ETF (ETH) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is passively managed, offering exposure to the daily USD spot price of ether (ETH). An investment in the fund is not a direct investment in ether. ETH was launched on Apr 23, 2024 and is issued by Grayscale.