Surience Private Wealth LLC Acquires 58,753 Shares of Grayscale Ethereum Trust ETF $ETHE

Surience Private Wealth LLC purchased a new stake in Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 58,753 shares of the company’s stock, valued at approximately $1,259,000. Grayscale Ethereum Trust ETF comprises about 1.3% of Surience Private Wealth LLC’s investment portfolio, making the stock its 23rd biggest position. Surience Private Wealth LLC owned about 0.06% of Grayscale Ethereum Trust ETF at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ETHE. Integrated Advisors Network LLC lifted its holdings in Grayscale Ethereum Trust ETF by 142.7% in the first quarter. Integrated Advisors Network LLC now owns 358,249 shares of the company’s stock valued at $6,115,000 after acquiring an additional 210,612 shares during the period. Aristides Capital LLC acquired a new position in Grayscale Ethereum Trust ETF in the 4th quarter valued at about $1,096,000. Independent Financial Group LLC purchased a new position in shares of Grayscale Ethereum Trust ETF during the first quarter valued at approximately $546,000. TRU Independence Asset Management 2 LLC boosted its holdings in shares of Grayscale Ethereum Trust ETF by 44.4% during the fourth quarter. TRU Independence Asset Management 2 LLC now owns 50,917 shares of the company’s stock worth $1,241,000 after purchasing an additional 15,665 shares during the last quarter. Finally, HB Wealth Management LLC grew its holdings in Grayscale Ethereum Trust ETF by 57.3% in the 1st quarter. HB Wealth Management LLC now owns 34,129 shares of the company’s stock valued at $583,000 after buying an additional 12,433 shares during the period.

Grayscale Ethereum Trust ETF Stock Down 1.5%

Shares of ETHE stock traded down $0.30 on Friday, reaching $19.34. 2,331,165 shares of the stock were exchanged, compared to its average volume of 3,611,171. The stock has a market cap of $1.83 billion, a P/E ratio of 2.06 and a beta of 2.52. The firm has a 50 day moving average of $19.57 and a two-hundred day moving average of $17.29. Grayscale Ethereum Trust ETF has a 1-year low of $12.36 and a 1-year high of $34.80.

Grayscale Ethereum Trust ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Monday, October 5th were given a $0.0320 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, October 5th. This is an increase from Grayscale Ethereum Trust ETF’s previous monthly dividend of $0.0259.

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.