Grayscale Ethereum Mini Trust ETF $ETH Shares Bought by Avaii Wealth Management LLC

Avaii Wealth Management LLC grew its holdings in shares of Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) by 414.3% during the third quarter, Holdings Channel reports. The firm owned 57,831 shares of the company’s stock after purchasing an additional 46,586 shares during the quarter. Avaii Wealth Management LLC’s holdings in Grayscale Ethereum Mini Trust ETF were worth $1,472,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Turim 21 Investimentos Ltda. purchased a new position in shares of Grayscale Ethereum Mini Trust ETF in the first quarter valued at approximately $30,000. Global Assets Advisory LLC purchased a new stake in Grayscale Ethereum Mini Trust ETF during the 1st quarter worth approximately $45,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Grayscale Ethereum Mini Trust ETF by 58.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,575 shares of the company’s stock worth $54,000 after buying an additional 1,313 shares in the last quarter. Horrell Capital Management Inc. lifted its holdings 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 in the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its position in Grayscale Ethereum Mini Trust ETF by 20.5% in the 2nd quarter. Beaird Harris Wealth Management LLC now owns 5,451 shares of the company’s stock valued at $82,000 after buying an additional 929 shares during the period. Institutional investors and hedge funds own 77.84% of the company’s stock.

Grayscale Ethereum Mini Trust ETF Stock Up 0.6%

ETH stock traded up $0.13 during midday trading on Friday, hitting $23.61. The company’s stock had a trading volume of 1,512,435 shares, compared to its average volume of 4,747,523. The firm has a 50-day simple moving average of $22.58 and a 200-day simple moving average of $20.23. The firm has a market capitalization of $2.08 billion, a P/E ratio of 10.00 and a beta of 2.54. Grayscale Ethereum Mini Trust ETF has a 52-week low of $14.53 and a 52-week high of $41.37.

Grayscale Ethereum Mini Trust ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Monday, October 5th were paid a $0.0422 dividend. This represents a $0.51 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, October 5th. Grayscale Ethereum Mini Trust ETF’s dividend payout ratio (DPR) is presently 42.37%.

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.