Balboa Wealth Partners Takes $373,000 Position in Bitwise Web3 ETF (NYSEARCA:BWEB)

Balboa Wealth Partners bought a new stake in Bitwise Web3 ETF (NYSEARCA:BWEB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,726 shares of the company’s stock, valued at approximately $373,000. Balboa Wealth Partners owned about 0.11% of Bitwise Web3 ETF at the end of the most recent quarter.

Separately, Jane Street Group LLC lifted its position in Bitwise Web3 ETF by 23.5% in the third quarter. Jane Street Group LLC now owns 33,385 shares of the company’s stock valued at $1,554,000 after purchasing an additional 6,358 shares during the last quarter.

Bitwise Web3 ETF Stock Performance

NYSEARCA:BWEB opened at $48.66 on Friday. Bitwise Web3 ETF has a fifty-two week low of $32.43 and a fifty-two week high of $65.15. The firm has a market cap of $3.11 million, a PE ratio of 27.96 and a beta of 2.27. The business has a 50 day moving average price of $58.06 and a 200-day moving average price of $53.80.

Bitwise Web3 ETF Profile

The Bitwise Web3 ETF (BWEB) is an exchange-traded fund that is based on the Bitwise Web3 Equities index. The fund tracks a tier-weighted index of companies connected to the global Web 3.0 industry. The selection process is overseen by a committee. BWEB was launched on Oct 4, 2022 and is managed by Bitwise.