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

Avaii Wealth Management LLC boosted its stake in Grayscale Ethereum Mini Trust ETF (NYSEARCA:ETH) by 414.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,831 shares of the company’s stock after buying an additional 46,586 shares during the period. Avaii Wealth Management LLC owned approximately 0.07% of Grayscale Ethereum Mini Trust ETF worth $1,472,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ETH. Horrell Capital Management Inc. boosted its stake in Grayscale Ethereum Mini Trust ETF by 106.5% during the third 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 period. Venture Visionary Partners LLC acquired a new position in shares of Grayscale Ethereum Mini Trust ETF in the 3rd quarter worth approximately $564,000. Rye Brook Capital LLC lifted its holdings in shares of Grayscale Ethereum Mini Trust ETF by 0.9% in the 3rd quarter. Rye Brook Capital LLC now owns 202,050 shares of the company’s stock worth $5,150,000 after acquiring an additional 1,800 shares during the last quarter. Van Hulzen Asset Management LLC boosted its position in shares of Grayscale Ethereum Mini Trust ETF by 2.8% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 36,067 shares of the company’s stock worth $542,000 after purchasing an additional 976 shares during the period. Finally, Lotus Asset Management LLC acquired a new stake in Grayscale Ethereum Mini Trust ETF in the 2nd quarter valued at approximately $199,000. Institutional investors and hedge funds own 77.84% of the company’s stock.

Grayscale Ethereum Mini Trust ETF Trading Up 0.6%

Grayscale Ethereum Mini Trust ETF stock traded up $0.13 during trading on Friday, hitting $23.61. The company had a trading volume of 1,512,435 shares, compared to its average volume of 4,747,523. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 10.00 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 $41.37. The company’s 50 day simple moving average is $22.58 and its 200-day simple moving average is $20.23.

Grayscale Ethereum Mini Trust ETF Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, October 5th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 2.1%. Grayscale Ethereum Mini Trust ETF’s payout ratio 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.