Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Announces Monthly Dividend of $0.02

Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $0.0246 per share on Wednesday, November 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, November 3rd. This is a 23.1% decrease from Grayscale Ethereum Trust ETF’s previous monthly dividend of $0.0320.

Grayscale Ethereum Trust ETF Stock Performance

Grayscale Ethereum Trust ETF stock opened at $17.98 on Tuesday. The stock has a 50-day simple moving average of $20.10 and a 200 day simple moving average of $17.76. The stock has a market capitalization of $1.70 billion, a P/E ratio of 2.06 and a beta of 2.52. Grayscale Ethereum Trust ETF has a 52 week low of $12.36 and a 52 week high of $30.71.

Institutional Investors Weigh In On Grayscale Ethereum Trust ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ETHE. Heritage Family Offices LLP bought a new position in shares of Grayscale Ethereum Trust ETF in the 3rd quarter valued at $58,000. Kestra Advisory Services LLC lifted its stake in Grayscale Ethereum Trust ETF by 9.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 27,779 shares of the company’s stock valued at $595,000 after purchasing an additional 2,376 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in Grayscale Ethereum Trust ETF in the third quarter valued at approximately $27,000. MGO One Seven LLC acquired a new position in shares of Grayscale Ethereum Trust ETF during the third quarter worth $212,000. Finally, MADDEN SECURITIES Corp bought a new position in shares of Grayscale Ethereum Trust ETF in the 3rd quarter valued at $194,000.

About Grayscale Ethereum Trust ETF

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.