Vestmark Acquires 193,338 Shares in Grayscale Ethereum Trust

Vestmark Advisory Solutions Inc. recently acquired a substantial number of shares in the Grayscale Ethereum Trust (ETH) in the last quarter, as disclosed in their most recent filing with the Securities and Exchange Commission. The fund added 193,338 shares of the company’s stock, equating to an estimated value of $5,056,000. This investment positioned Vestmark Advisory Solutions Inc. as the owner of 0.12% of Grayscale Ethereum Trust (ETH) at the conclusion of the previous quarter. Other major investors have also made notable changes to their holdings in the company. United Capital Management of KS Inc., for instance, procured a stake in Grayscale Ethereum Trust (ETH) during the third quarter, valued at approximately $10,303,000.

Jane Street Group LLC acquired a substantial stake in the same quarter as well, investing around $8,359,000 in Grayscale Ethereum Trust (ETH). RBF Capital LLC also made a significant stake of $4,378,000, while GenTrust LLC and Smithfield Trust Co invested $3,068,000 and $2,128,000, respectively. The trading activity of Grayscale Ethereum Trust (ETH) revealed a 2.0% decrease, with shares trading at $18.00. The stock’s trading volume reached 4,582,752 shares during the session, compared to the average volume of 4,282,708 shares. Grayscale Ethereum Trust has seen a 52-week low of $16.65 and a high of $36.28, with a fifty-day moving average price of $24.47 and a 200-day moving average price of $24.41.

Grayscale Ethereum Trust (ETH) is a technology commercialization company primarily focused on the cybersecurity sector. The company collaborates with reputable European university partners to identify promising cybersecurity intellectual property derived from research that addresses emerging real-world challenges. Despite its recent performance, there are other stocks in the market that analysts have recommended as more favorable investments than Grayscale Ethereum Trust (ETH).

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