a16z Perennial Management L.P. Invests $532,000 in Bitwise Ethereum ETF (NYSEARCA:ETHW)

a16z Perennial Management L.P. bought a new stake in shares of Bitwise Ethereum ETF (NYSEARCA:ETHW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,197 shares of the company’s stock, valued at approximately $532,000. Bitwise Ethereum ETF makes up approximately 0.1% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 20th largest holding.

Several other large investors have also added to or reduced their stakes in the business. Claro Advisors LLC acquired a new position in shares of Bitwise Ethereum ETF during the third quarter valued at about $120,000. Embree Financial Group acquired a new position in Bitwise Ethereum ETF during the third quarter worth $211,000. Highline Wealth Partners LLC bought a new position in shares of Bitwise Ethereum ETF in the third quarter valued at $318,000. Capital Advisors Inc. OK bought a new position in shares of Bitwise Ethereum ETF in the third quarter valued at $193,000. Finally, Atria Investments Inc acquired a new position in shares of Bitwise Ethereum ETF during the third quarter valued at about $457,000.

Bitwise Ethereum ETF Stock Performance

ETHW opened at $18.58 on Monday. Bitwise Ethereum ETF has a fifty-two week low of $15.68 and a fifty-two week high of $29.52. The company’s 50-day moving average is $24.45 and its 200 day moving average is $21.21.