Balboa Wealth Partners Makes New Investment in Bitwise Web3 ETF (NYSEARCA:BWEB)

Balboa Wealth Partners purchased a new position in Bitwise Web3 ETF (NYSEARCA:BWEB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,726 shares of the company’s stock, valued at approximately $373,000. Balboa Wealth Partners owned about 10.51% of Bitwise Web3 ETF as of its most recent SEC filing.

Separately, Jane Street Group LLC increased its holdings in shares of Bitwise Web3 ETF by 23.5% in the third quarter. Jane Street Group LLC now owns 33,385 shares of the company’s stock worth $1,554,000 after acquiring an additional 6,358 shares in the last quarter.

Bitwise Web3 ETF Stock Performance

Shares of BWEB stock opened at $48.66 on Friday. Bitwise Web3 ETF has a 52 week low of $32.43 and a 52 week high of $65.15. The company’s 50 day moving average price is $58.06 and its two-hundred day moving average price is $53.80. The company has a market capitalization of $3.11 million, a P/E ratio of 27.96 and a beta of 2.27.

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.