StoneX Group Inc. Buys New Shares in Grayscale Ethereum Trust ETF $ETHE

StoneX Group Inc. bought a new position in shares of Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,076 shares of the company’s stock, valued at approximately $816,000.

Other institutional investors have also recently modified their holdings of the company. Avior Wealth Management LLC raised its position in Grayscale Ethereum Trust ETF by 3.4% in the third quarter. Avior Wealth Management LLC now owns 18,964 shares of the company’s stock worth $406,000 after acquiring an additional 629 shares in the last quarter. Formidable Asset Management LLC increased its holdings in shares of Grayscale Ethereum Trust ETF by 2.6% in the 3rd quarter. Formidable Asset Management LLC now owns 26,210 shares of the company’s stock valued at $562,000 after purchasing an additional 665 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of Grayscale Ethereum Trust ETF by 3.1% in the third quarter. Brookstone Capital Management now owns 23,204 shares of the company’s stock valued at $497,000 after purchasing an additional 701 shares during the period. Alesco Advisors LLC An ESL Co boosted its stake in shares of Grayscale Ethereum Trust ETF by 8.9% during the 1st quarter. Alesco Advisors LLC An ESL Co now owns 10,972 shares of the company’s stock worth $187,000 after acquiring an additional 900 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in shares of Grayscale Ethereum Trust ETF by 54.6% in the 3rd quarter. IFP Advisors Inc now owns 2,873 shares of the company’s stock worth $62,000 after acquiring an additional 1,015 shares during the period.

Grayscale Ethereum Trust ETF Stock Performance

Shares of ETHE stock opened at $16.47 on Wednesday. The stock has a fifty day moving average price of $19.86 and a 200 day moving average price of $17.52. The stock has a market cap of $1.40 billion, a PE ratio of 2.06 and a beta of 3.28. Grayscale Ethereum Trust ETF has a 1 year low of $12.36 and a 1 year high of $29.33.

Grayscale Ethereum Trust ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 4th. Shareholders of record on Tuesday, November 3rd were given a dividend of $0.0246 per share. The ex-dividend date was Tuesday, November 3rd. This is a decrease from Grayscale Ethereum Trust ETF’s previous monthly dividend of $0.0320. This represents a $0.30 dividend on an annualized basis and a yield of 1.8%.

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.