a16z Perennial Management L.P. Purchases New Stake in Bitwise Ethereum ETF (NYSEARCA:ETHW)

a16z Perennial Management L.P. bought a new stake in Bitwise Ethereum ETF (NYSEARCA:ETHW) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 22,197 shares of the company’s stock, valued at approximately $532,000. Bitwise Ethereum ETF comprises about 0.1% of a16z Perennial Management L.P.’s holdings, making the stock its 20th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of ETHW. Claro Advisors LLC bought a new position in Bitwise Ethereum ETF during the third quarter worth about $120,000. Capital Advisors Inc. OK bought a new position in Bitwise Ethereum ETF in the 3rd quarter worth approximately $193,000. Embree Financial Group purchased a new position in Bitwise Ethereum ETF in the 3rd quarter valued at approximately $211,000. Soltis Investment Advisors LLC bought a new stake in Bitwise Ethereum ETF during the 3rd quarter valued at $229,000. Finally, Brandywine Oak Private Wealth LLC purchased a new stake in shares of Bitwise Ethereum ETF during the fourth quarter worth $236,000.

Bitwise Ethereum ETF Stock Down 4.9 %

Bitwise Ethereum ETF stock opened at $18.58 on Monday. Bitwise Ethereum ETF has a one year low of $15.68 and a one year high of $29.52. The business has a fifty day moving average price of $24.45 and a 200-day moving average price of $21.21.