38,076 Shares of Grayscale Ethereum Trust ETF $ETHE Purchased by StoneX Group Inc.

StoneX Group Inc. purchased a new position in shares of Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 38,076 shares of the company’s stock, valued at approximately $816,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Integrated Advisors Network LLC grew its position in shares of Grayscale Ethereum Trust ETF by 5.8% in the third quarter. Integrated Advisors Network LLC now owns 299,125 shares of the company’s stock valued at $6,410,000 after purchasing an additional 16,492 shares during the period. Titleist Asset Management LLC increased its stake in shares of Grayscale Ethereum Trust ETF by 0.7% during the 3rd quarter. Titleist Asset Management LLC now owns 212,903 shares of the company’s stock valued at $4,563,000 after acquiring an additional 1,575 shares during the last quarter. Surience Private Wealth LLC purchased a new position in shares of Grayscale Ethereum Trust ETF during the 3rd quarter worth about $1,259,000. Finer Wealth Management Inc. lifted its holdings in shares of Grayscale Ethereum Trust ETF by 15.2% during the 3rd quarter. Finer Wealth Management Inc. now owns 53,251 shares of the company’s stock worth $1,141,000 after acquiring an additional 7,026 shares during the period. Finally, Aristides Capital LLC boosted its position in shares of Grayscale Ethereum Trust ETF by 12.9% in the first quarter. Aristides Capital LLC now owns 50,800 shares of the company’s stock worth $867,000 after acquiring an additional 5,815 shares during the last quarter.

Grayscale Ethereum Trust ETF Stock Performance

ETHE opened at $16.47 on Wednesday. Grayscale Ethereum Trust ETF has a 1 year low of $12.36 and a 1 year high of $29.33. The company’s 50 day simple moving average is $19.86 and its 200 day simple moving average is $17.52. The stock has a market capitalization of $1.40 billion, a PE ratio of 2.06 and a beta of 3.28.

Grayscale Ethereum Trust ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 4th. Stockholders of record on Tuesday, November 3rd were paid a dividend of $0.0246 per share. The ex-dividend date of this dividend was Tuesday, November 3rd. This represents a $0.30 annualized dividend and a dividend yield of 1.8%. This is a drop from Grayscale Ethereum Trust ETF’s previous monthly dividend of $0.0320.

Grayscale Ethereum Trust ETF Profile

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.