Investment firm places $1.43 million in Grayscale Ethereum Trust (ETH)

TigerOak Management L.L.C. recently invested a significant amount, totaling $1.43 million, in Grayscale Ethereum Trust (ETH) during the last quarter, as disclosed in its latest filing with the Securities and Exchange Commission. This move by the institutional investor involved the acquisition of 51,076 shares of the company’s stock, amounting to an approximate value of $1,431,000.

Several other hedge funds and institutional investors have also shown adjustments in their ETHE holdings as of late. Foundations Investment Advisors LLC, for instance, increased its stake in Grayscale Ethereum Trust (ETH) by 84.5% in the fourth quarter, now owning 40,448 shares valued at $1,133,000 after adding 18,520 shares to its portfolio. Windle Wealth LLC made a fresh investment in the company during the third quarter, estimated at $447,000. Virtu Financial LLC and Phraction Management LLC also entered the scene during the same period by acquiring stakes valued at $843,000 and $493,000, respectively. Additionally, United Capital Management of KS Inc. invested $10,303,000 in Grayscale Ethereum Trust (ETH) in the third quarter.

The stock performance of Grayscale Ethereum Trust (ETH) has been noteworthy, with shares initiating trading at $22.81 on Friday. The stock’s performance over the past year has fluctuated, with a low of $18.50 and a high of $36.28. Currently, ETHE carries a 50-day moving average of $27.58 and a 200-day moving average of $24.69.

Grayscale Ethereum Trust (ETH) is a company profiled as a technology commercialization entity specializing in cybersecurity. Their focus is primarily directed towards the cyber security sector, collaborating with research-intensive European university partners to pinpoint cyber security intellectual property that aligns with emerging real-world security challenges.

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