Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH – Get Free Report) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.0331 per share on Wednesday, November 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a 21.6% decrease from Grayscale Ethereum Mini Trust ETF’s previous monthly dividend of $0.0422.
Grayscale Ethereum Mini Trust ETF Stock Performance
NYSEARCA:ETH opened at $21.42 on Tuesday. The stock has a 50-day simple moving average of $23.88 and a 200-day simple moving average of $20.86. The stock has a market cap of $1.89 billion, a P/E ratio of 9.08 and a beta of 2.54. Grayscale Ethereum Mini Trust ETF has a 1 year low of $14.53 and a 1 year high of $35.21.
Institutional Investors Weigh In On Grayscale Ethereum Mini Trust ETF
Institutional investors have recently added to or reduced their stakes in the business. Heritage Family Offices LLP acquired a new stake in shares of Grayscale Ethereum Mini Trust ETF during the third quarter worth about $29,000. MADDEN SECURITIES Corp purchased a new stake in shares of Grayscale Ethereum Mini Trust ETF in the 3rd quarter valued at about $29,000. GK Wealth Management LLC acquired a new stake in shares of Grayscale Ethereum Mini Trust ETF in the 3rd quarter valued at about $38,000. Turim 21 Investimentos Ltda. purchased a new position in Grayscale Ethereum Mini Trust ETF during the 1st quarter worth approximately $30,000. Finally, Horrell Capital Management Inc. grew its stake in Grayscale Ethereum Mini Trust ETF by 106.5% during the 3rd quarter. Horrell Capital Management Inc. now owns 2,156 shares of the company’s stock worth $55,000 after buying an additional 1,112 shares during the last quarter. Hedge funds and other institutional investors own 77.84% of the company’s stock.
About Grayscale Ethereum Mini Trust ETF
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.
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