Bitwise Ethereum ETF $ETHW Shares Sold by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC cut its holdings in Bitwise Ethereum ETF (NYSEARCA:ETHW) by 20.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,660 shares of the company’s stock after selling 10,958 shares during the quarter. Magnolia Capital Advisors LLC’s holdings in Bitwise Ethereum ETF were worth $752,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Bitwise Ethereum ETF by 1,211.3% in the second quarter. Farther Finance Advisors LLC now owns 8,917 shares of the company’s stock valued at $161,000 after purchasing an additional 8,237 shares during the last quarter. Brookstone Capital Management grew its position in shares of Bitwise Ethereum ETF by 7.6% in the second quarter. Brookstone Capital Management now owns 11,620 shares of the company’s stock valued at $210,000 after purchasing an additional 820 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Bitwise Ethereum ETF in the second quarter valued at approximately $222,000. Brandywine Oak Private Wealth LLC boosted its position in Bitwise Ethereum ETF by 30.3% during the first quarter. Brandywine Oak Private Wealth LLC now owns 12,804 shares of the company’s stock worth $168,000 after acquiring an additional 2,974 shares during the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in Bitwise Ethereum ETF during the first quarter worth approximately $217,000.

Bitwise Ethereum ETF Stock Performance

Shares of NYSEARCA ETHW opened at $25.68 on Tuesday. Bitwise Ethereum ETF has a 1 year low of $10.42 and a 1 year high of $34.84. The firm’s 50 day moving average price is $30.28 and its 200 day moving average price is $24.11.

About Bitwise Ethereum ETF

The Bitwise Ethereum ETF (ETHW) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is a passively managed fund that seeks to track the price performance of spot Ether (ETH). It will hold Ether directly, secured through a multi-layer cold storage wallet. ETHW was launched on Jul 22, 2024 and is issued by Bitwise.