Compass Financial Management LLC Makes New $2.93 Million Investment in Grayscale Ethereum Mini Trust ETF $ETH

Compass Financial Management LLC acquired a new stake in shares of Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 194,851 shares of the company’s stock, valued at approximately $2,931,000. Compass Financial Management LLC owned approximately 0.20% of Grayscale Ethereum Mini Trust ETF as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ETH. Verde Capital Management raised its position in shares of Grayscale Ethereum Mini Trust ETF by 79.4% during the 1st quarter. Verde Capital Management now owns 178,118 shares of the company’s stock worth $3,537,000 after purchasing an additional 78,826 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Grayscale Ethereum Mini Trust ETF by 13.7% in the 1st quarter. Renaissance Technologies LLC now owns 166,494 shares of the company’s stock worth $3,307,000 after buying an additional 20,024 shares during the last quarter. Pasadena Private Wealth LLC increased its stake in Grayscale Ethereum Mini Trust ETF by 9.2% during the 1st quarter. Pasadena Private Wealth LLC now owns 131,722 shares of the company’s stock worth $2,616,000 after buying an additional 11,058 shares in the last quarter. Reliant Wealth Planning increased its stake in Grayscale Ethereum Mini Trust ETF by 2.7% during the 1st quarter. Reliant Wealth Planning now owns 121,870 shares of the company’s stock worth $2,420,000 after buying an additional 3,180 shares in the last quarter. Finally, Graetz Wealth LLC purchased a new stake in Grayscale Ethereum Mini Trust ETF during the 1st quarter worth approximately $1,334,000. Institutional investors and hedge funds own 77.84% of the company’s stock.

Grayscale Ethereum Mini Trust ETF Price Performance

NYSEARCA ETH opened at $23.04 on Friday. The stock’s 50 day simple moving average is $17.49 and its 200-day simple moving average is $19.06. The company has a market cap of $2.21 billion, a PE ratio of 9.76 and a beta of 2.48. 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.